Sponsored Legislation
Probate: trusts; powers of appointment; revise. Amends secs. 5a & 14 of 1967 PA 224 (MCL 556.115a & 556.124).
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.
Health occupations: emergency medical services personnel; certain temporary licenses; modify terms. Amends sec. 20952 of 1978 PA 368 (MCL 333.20952).
Extends nonrenewable temporary EMS licenses (medical first responder, EMT, EMT-S, paramedic) from 120 days to 1 year, under direct supervision, to finish licensing exams.
Labor: public service employment; deduction from a public employee's wages for certain political purposes; remove prohibition against. Amends sec. 7 of 1978 PA 390 (MCL 408.477).
Probate: trusts; uniform statutory rule against perpetuities; revise to reflect limitation of the personal property trust perpetuities act to certain property. Amends secs. 3 & 5 of 1988 PA 418 (MCL 554.73 & 554.75).
Michigan HB 4864 clarifies trust creation timing, tightens rules for second powers, and uses a 360-year measure to preserve GST-planning tools and reduce litigation risk.