Probate: trusts; duties and powers of trustee; modify. Amends secs. 7105 & 7110 of 1998 PA 386 (MCL 700.7105 & 700.7110).
REFERRED TO COMMITTEE ON HOUSING AND HUMAN SERVICES
Summary
The legislation amends Michigan’s trust law to state that a trust’s own terms generally control, except for specific statutory requirements such as creation standards, lawful purpose, duration limits, and court powers. It also broadens who is considered a qualified beneficiary, including certain charities, animal‑care enforcers, and parties with nondisclosure rights, and gives the attorney general oversight powers over charitable trusts. The changes aim to balance trust autonomy with essential protections and oversight.
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