20 Pa. C.S. § 7740.5

Current through Pa Acts 2024-53, 2024-56 through 2024-92

Section 7740.5 - Reformation to correct mistakes - utc 415

The court may reform the terms of a trust , even if unambiguous, to conform to the settlor's probable intention if it is proved by clear and convincing evidence that both the settlor's intent and the terms of the trust were affected by a mistake of fact or law, whether in expression or inducement. The court may provide that the modification have retroactive effect.

20 Pa.C.S. § 7740.5

Amended by P.L. (number not assigned at time of publication) 2024 No. 64,§ 2, eff. 10/14/2024.

2006, July 7, P.L. 625, No. 98, §9, effective in 120 days [ 11/6/2006].