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§ 14.5-414. Modification of terms to achieve tax objectives of settlor

West's Annotated Code of MarylandEstates and TrustsEffective: January 1, 2015

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 14.5. Maryland Trust Act (Refs & Annos)
Subtitle 4. Creation, Validity, Modification, and Termination of Trust (Refs & Annos)
Effective: January 1, 2015
MD Code, Estates and Trusts, § 14.5-414
§ 14.5-414. Modification of terms to achieve tax objectives of settlor
In general
(a) To achieve the tax objectives of the settlor, the court may modify the terms of a trust in a manner that is not contrary to the probable intention of the settlor.
Retroactive application of modification
(b) The court may provide that the modification described in subsection (a) of this section has retroactive effect.

Credits

Added by Acts 2014, c. 585, § 1, eff. Jan. 1, 2015.
MD Code, Estates and Trusts, § 14.5-414, MD EST & TRST § 14.5-414
Current through legislation effective July 1, 2020, from the 2020 Regular Session of the General Assembly.
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