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Bill > HB4523


MI HB4523

Probate: trusts; duties and powers of trustee; modify. Amends secs. 7105 & 7110 of 1998 PA 386 (MCL 700.7105 & 700.7110).


summary

Introduced
05/22/2025
In Committee
05/22/2025
Crossed Over
Passed
Dead

Introduced Session

103rd Legislature

Bill Summary

A bill to amend 1998 PA 386, entitled"Estates and protected individuals code,"by amending sections 7105 and 7110 (MCL 700.7105 and 700.7110), as amended by 2024 PA 1.

AI Summary

This bill modifies the Michigan Estates and Protected Individuals Code, specifically amending sections 7105 and 7110 regarding trust administration and beneficiary rights. The changes clarify and expand the provisions that cannot be overridden by the terms of a trust, including adding a new provision that allows courts to appoint a person to enforce trusts created for animal care or other non-charitable purposes. The bill also slightly modifies the rights of charitable organizations and other parties in trust proceedings, such as explicitly allowing nondisclosure rights during certain trust periods and codifying the attorney general's rights in charitable trust matters. The modifications provide more detailed guidance on trustee duties, court powers, and the rights of various parties involved in trusts, including beneficiaries, charitable organizations, and appointed enforcers. These changes aim to provide more clarity and flexibility in trust administration while maintaining important protections for beneficiaries and ensuring that trusts are established and managed in accordance with legal standards.

Committee Categories

Justice

Sponsors (2)

Last Action

Bill Electronically Reproduced 05/22/2025 (on 06/03/2025)

bill text


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