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. History: Laws 2003, ch. 122, § 4-416. ANNOTATIONSEffective dates. — Laws 2003, ch. 122, § 11-1106 made the act effective July 1, 2003. Law reviews. — For article, 'The New Mexico Uniform Trust Code,' see 34 N.M.L. Rev. 1 (2004).
New Mexico Legal Code