§ 7740.5. Reformation to correct mistakes - UTC 415
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and FiduciariesEffective: November 6, 2006
Effective: November 6, 2006
20 Pa.C.S.A. § 7740.5
§ 7740.5. Reformation to correct mistakes - UTC 415
The court may reform a trust instrument, even if unambiguous, to conform to the settlor's probable intention if it is proved by clear and convincing evidence that the settlor's intent as expressed in the trust instrument was affected by a mistake of fact or law, whether in expression or inducement. The court may provide that the modification have retroactive effect.
Credits
2006, July 7, P.L. 625, No. 98, § 9, effective in 120 days [Nov. 6, 2006].
20 Pa.C.S.A. § 7740.5, PA ST 20 Pa.C.S.A. § 7740.5
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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