In the right circumstances, irrevocable estate documents can be changed.
From time to time, mistakes may occur in drafting
legal documents or clients may fail to fully comprehend their meanings.
A trust may inadvertently not contain a clause that is required to
avoid adverse tax consequences, and these effects may not be understood
or appreciated until much later. When working with clients, lawyers may
explain the implications of particular documents, but that doesn't mean
the client truly understands the meaning.
In other instances, changes in tax laws create
unforeseen consequences that run contrary to the settlor's intent. To
redress these situations, there are instances where even presumably
irrevocable estate planning documents have been reformed, or in rare
situations rescinded, to more accurately reflect the intent of the
testator, grantor or settlor. Let's discusses some instances in which
courts have permitted such documents to be reformed or rescinded.
The duty of the courts is to ascertain the intent of
the testator, grantor or settlor (all of whom we'll refer to as
settlors for the sake of brevity), and to the extent it can be proven
that the document conflicts with that intent, the document is reformed
or rescinded. In Massachusetts, where the author practices, the law is
that written instruments may be reformed to conform to the settlor's
intent upon a finding of clear and decisive proof of that intent. This
is a high burden of proof, greater than that typically required in a
civil case.
Proving a mistake clearly and decisively can be
difficult, particularly when the settlor is deceased. Courts will,
however, consider the written instrument and the circumstances known to
the settlor or grantor at the time the document was executed.
Additionally, statements made by the settlor may be admissible. The
attorney who drafted the estate planning documents is a critical
witness in the case. He or she is typically in a good position to
comment on the settlor's intent.
Here are some examples of instances in which the
court exercised its power to reform or rescind the instrument.
To Avoid An Avoidable Tax Burden
One example of when reformation may be allowed is
when the court finds that the instrument, as drafted, creates tax
consequences that clearly conflict with the settlor's objective. A
party seeking reformation to avoid an adverse federal tax consequence
will need to obtain a decision by the highest state court; a lower
court decision is not binding on the Internal Revenue Service. Two
examples of instances in which reformation has been allowed involve the
Generation Skipping Tax and the marital deduction.
A generation-skipping transfer tax ("GST") is
imposed whenever estate assets are transferred to a family member who
is more than one generation removed from the settlor or testator (e.g.,
grandparent to grandchild). Reformation of a trust has been allowed
when the settlor had established a trust that eventually distributed
its assets to various trusts for the benefit of the settlor's
grandchildren. The settlor sought reformation because she did not
intend to trigger the GST, which imposed a significantly higher tax
burden on the trust property and, therefore, wished to name her
children as beneficiaries. In this case, the settlor initially held the
trust in a qualified personal residence trust and, only if she failed
to survive the term of the trust, did the property move into the
grandchildren's trusts. The court found that the relief sought was
justified under a theory of mistake in that the settlor would not have
intended the higher tax burden imposed by the GST and, therefore, would
have named her children as beneficiaries rather than her grandchildren.
Another instance in which reformation of an
otherwise irrevocable trust has been allowed, in order to avoid
unintended tax consequences, is when the trust instrument fails to
utilize properly a settlor's federal estate tax marital deduction. The
marital deduction allows spouses to transfer an unlimited amount of
property to one another. In order for a trust to qualify for the
marital deduction, it must provide qualifying income to the surviving
spouse for life. In instances where the court has found the settlor
intended that the trust qualify for the marital deduction, yet the
instrument failed to provide a qualifying income interest to the
surviving spouse, the court has allowed the trust instrument to be
reformed accordingly.
To Remedy A Mistaken Belief By The Grantor As To The Legal Effect Of The Document
Though unusual, there are instances where courts
have reformed or even rescinded deeds as well. Theories under which a
deed may be either reformed or rescinded include mistake and undue
influence. An area where mistakes may arise is in the context of life
estate deeds, an estate planning tool used with some frequency by some
practitioners.
Because life estate deeds are often but one part of
a larger estate plan, they have been known to cause confusion on the
part of the grantor. A typical estate plan includes a number of
documents that may be revoked or changed at any time, such as a will, a
revocable trust, a health care proxy and a power of attorney.
Some lawyers suggest life estate deeds to offer a client protection of
his/her residence from creditors or to avoid probate. A life estate
deed allows the current owner to deed the property to another, yet
reserve the ability to live in and/or receive rent from the property
until his/her death. Unlike the will, revocable trust, health care
proxy and power of attorney, the life estate deed is irrevocable.
Within the context of the entire estate plan, this fact may be
overlooked or not adequately emphasized, particularly when the plan
does not include an irrevocable life insurance trust. Lawyers may
assume their clients understand that a life estate deed is no different
than a typical deed in that it is irrevocable. Some elderly clients may
misunderstand and believe that the life estate deed can be changed at
any time prior to their death. This misunderstanding can lead to
problems should the person later regret the decision to transfer
property through a life estate deed, or change his/her mind about who
is to receive the remainder interest.
A life estate deed may be reformed or rescinded when the grantor
mistakenly believed that the deed could be changed. As in the trust
reformation cases, a high standard of proof is required.
Another avenue of recovery seeking to reform or rescind a deed or other
document may be through a claim of undue influence. Simply put, undue
influence is any force that works against one's free will and
constrains an individual to take any action or inaction that is
contrary to what he or she would otherwise do. In many instances, a
finding of undue influence necessarily rests on largely circumstantial
evidence as direct evidence is, by the very nature of the claim, often
difficult to establish. In this context, the grantor has the burden of
proving he/she was unduly influenced.
The factual scenario under which a court may rescind a life estate deed
pursuant to an undue influence claim may commonly arise in the
situation whereby one who stands in a fiduciary relationship to the
grantor exerts undue influence that results in the transfer. In such
circumstances, the fiduciary may wish to ultimately benefit himself,
while not wishing to displace the grantor during his/her lifetime. A
fiduciary relationship may be found where there exists a special
relationship pursuant to which an individual places particular trust in
another. Common examples of fiduciary relationships are those of
lawyer/client and parent/child, but they can also include relationships
between caregivers and recipients. Once a fiduciary relationship is
established, in some states, the burden shifts to the fiduciary to
prove that the transaction in which he/she was involved was
advantageous or otherwise fair to the beneficiary.
Although familial relations generally do not give rise to fiduciary
duties, those relationships may become fiduciary in nature when one
family member becomes dependent on the other for financial affairs or
personal affairs. Even though gifts or other conveyances to family
members are natural, once a fiduciary relationship is established, in
some states the burden remains with the fiduciary to prove the
transaction was fair to the beneficiary or that the fiduciary did not
take advantage of the relationship. This circumstance will most
frequently arise in the context of an elderly individual who may be
under the influence of a family member, care provider or friend.
It may be possible that claims for mistake and undue influence may both
arise in some circumstances. Consider, for example, the situation of an
elderly individual whose cognitive abilities may be affected because of
a degenerative disease or simply old age. In one case, the grantor was
enfeebled with a degenerative condition that affected his mind, which
made him particularly susceptible to undue influence. Given the
grantor's condition, the court found he did not fully comprehend the
significance of his acts. Though the court in this instance made its
findings based upon the plaintiff's claim of undue influence, it
appears from the court's opinion that the same result may have been
achieved through a mistake claim. In a case tried by the author,
however, the judge ruled that claims of undue influence and mistake
were mutually exclusive.
Conclusion
In some circumstances, rescission or reformation is available when a document fails to reflect the settlor's, grantor's or testator's true intent. The proof must be clear and decisive but, if it is, courts will allow for the proven intent to prevail over the language of the document.
Mark S. Furman is the chairman of the litigation department at the Boston law firm of Tarlow, Breed Hart & Rodgers.