N.C. Gen. Stat. § 36C-4-416

Current through Session Law 2024-58

Section 36C-4-416 - Modification to achieve settlor's tax objectives

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

Amended by 2006 N.C. Sess. Laws 259,s. 13.(g), eff. 10/1/2006.

Added by 2005 N.C. Sess. Laws 192, s. 2, eff. 1/1/2006.