Modification to achieve settlor's tax objectives
Known as the Uniform Trust Code
The act spans §§ 3B:31-1 to 3B:31-9 (84 sections).
L.2015, c.276, s.1.
Modification to Achieve Settlor's Tax Objectives.
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 intent. The court may provide that the modification has retroactive effect.
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.