Minnesota Statutes 501C.0416 – Modification to Achieve Settlor’s Tax Objectives
Current as of: 2023 | Check for updates
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To achieve 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.
Terms Used In Minnesota Statutes 501C.0416
- Tax: means any fee, charge, exaction, or assessment imposed by a governmental entity on an individual, person, entity, transaction, good, service, or other thing. See Minnesota Statutes 645.44