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Code · Michigan · Chapter 700 — Estates and Protected Individuals Code

700.7416 Modification to achieve settlor's tax objectives; retroactive effect.

61 words·~1 min read·/mi/chapter-700/700-7416

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700.7416 Modification to achieve settlor's tax objectives; retroactive effect.
Sec. 7416.
To achieve the settlor's tax objectives, the court may modify the terms of a trust in a manner that is not contrary to the settlor's probable intention. The court may provide that the modification has retroactive effect.
History: Add. 2009, Act 46 , Eff. Apr. 1, 2010
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