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.
Miss. Code Ann. § 91-8-416
Modification to achieve settlor’s tax objectives
Known as the Mississippi Uniform Trust Code
The act spans §§ 91–91 (104 sections).
Laws, 2014, ch. 421, § 38, eff from and after July 1, 2014.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.