N.C. Gen. Stat. § 36C-4-416
Modification to achieve settlor's tax objectives
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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.
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.
History
(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.