Reformation to correct mistakes
Known as the Uniform Trust Code
The act spans §§ 3B:31-1 to 3B:31-9 (84 sections).
L.2015, c.276, s.1.
Reformation to Correct Mistakes.
The court may reform the terms of a trust, even if unambiguous, to conform the terms to the settlor's probable intent if it is proved by clear and convincing evidence that there was a mistake of fact or law, whether in expression or inducement.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.