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2015 Maryland Code
ESTATES AND TRUSTS
Title 14.5 - MARYLAND TRUST ACT.
Subtitle 4 - CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUST.
§ 14.5-414 - Modification of terms for purposes of taxes.

MD Est & Trusts Code § 14.5-414 (2015) What's This?

(a) In general. -- 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.

(b) Retroactivity. -- The court may provide that the modification described in subsection (a) of this section has retroactive effect.

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