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.
Tenn. Code Ann. § 35-15-416
Modification to achieve settlor's tax objectives
Known as the Tennessee Uniform Trust Code
The act spans §§ 35-15-1001 to 35-15-901 (113 sections).
Acts 2004, ch. 537, § 38.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.