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BILL • MI HOUSE
HB 4863

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

2023-2024 Regular Session
Introduced by Tyrone Carter, Kevin Coleman, Jim Haadsma and 4 other co-sponsors

HB 4863 clarifies when a trust is created by exercising a power of appointment, aligning perpetuities with tax planning and reducing litigation risk for Michigan trusts.

REFERRED TO COMMITTEE ON CIVIL RIGHTS, JUDICIARY, AND PUBLIC SAFETY
#probate:powersofattorney #probate:trusts #probate:willsandestates
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Bill Summary • HB 4863
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