Probate: trusts; powers of appointment; revise. Amends secs. 5a & 14 of 1967 PA 224 (MCL 556.115a & 556.124).

Where it is in the process

Plain-English Summary

This bill amends the Powers of Appointment Act of 1967, allowing a trustee with discretionary power over an irrevocable trust to transfer assets to a second trust under specific conditions. It clarifies rules for when the period for vesting future interests begins when a power of appointment is exercised, especially when a second power is created. The bill aims to codify existing common law regarding these trust powers.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Sponsorship · 2 Sponsors

Democrat0Republican2Independent0Other0

R · PrimeDouglas Wozniak
R · CoBrian BeGole

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