633.2206  Reformation--tax objectives.

1.  The terms of a trust may be reformed to conform to the settlor's intent if the failure to conform was due to a mistake of fact or law and the settlor's intent can be established.

2.  The terms of the trust may be construed or modified, in a manner that does not violate the settlor's probable intent, to achieve the settlor's tax objectives.

Section History: Recent form

  99 Acts, ch 125, §19, 109

Internal References

  Referred to in § 633.2201


  Section effective July 1, 2000; 99 Acts, ch 125, § 109

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