N.M. Stat. § 45-2-806

Current through 2024, ch. 69

Section 45-2-806 - Modification to achieve transferor's tax objectives

To achieve the transferor's tax objectives, the district court may modify the terms of a governing instrument in a manner that is not contrary to the transferor's probable intention. The district court may provide that the modification has retroactive effect.

NMS § 45-2-806

1978 Comp., § 45-2-806, enacted by Laws 2011, ch. 124, § 33.

Added by 2011, c. 124,s. 33, eff. 1/1/2012.

See also former 45-2-806, "Validity and effect of will executed by a wife prior to July 1, 1973," which has been renumbered as §45-2-807 by 2011, c. 124,s. 32, eff. 1/1/2012.