Virginia Code 64.2-734: Modification to achieve settlor’s tax objectives
Current as of: 2023 | Check for updates
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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.
Terms Used In Virginia Code 64.2-734
- Court: means the court of the Commonwealth having jurisdiction in matters related to trusts. See Virginia Code 64.2-701
- Settlor: except as otherwise provided in § 64. See Virginia Code 64.2-701
- Terms of a trust: means :
1. See Virginia Code 64.2-701