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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 64.2. Wills, Trusts, and Fiduciaries |
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SUBTITLE III. Trusts |
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CHAPTER 7. Uniform Trust Code |
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ARTICLE 4. Creation, Validity, Modification, and Termination of Trust |
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SECTION 64.2-734. Modification to achieve settlor's tax objectives |
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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. |