Modification to achieve settlor's tax objectives

  1. Law
  2. Code of Virginia
  3. Wills, Trusts, and Fiduciaries
  4. Uniform Trust Code
  5. Modification to achieve settlor's tax objectives

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To achieve the settlor's tax objectives, the court may modify the terms of a trust in a manner that is not contrary to the settlor's probable intention. The court may provide that the modification has retroactive effect.

2005, c. 935, § 55-544.16; 2012, c. 614.


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