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Laws of North Carolina (Last Updated: May 12, 2015) |
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Chapter36C. North Carolina Uniform Trust Code. |
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Article4. Creation, Validity, Modification, and Termination of Trust |
§36C-4-416. Modification to achieve settlor's tax objectives
Latest version.
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To achieve a 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.
(2005-192, s. 2; 2006-259, s. 13(g).)