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.
N.C. Gen. Stat. § 36C-4-416
Modification to achieve settlor's tax objectives
2005-192, s. 2; 2006-259, s. 13(g).
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.