Statutes > Michigan Statutes > Chapter 700 - ESTATES AND PROTECTED INDIVIDUALS CODE > Act 386 of 1998 - ESTATES AND PROTECTED INDIVIDUALS CODE (700.1101 - 700.8206) > 386-1998-VII - ARTICLE VII MICHIGAN TRUST CODE (700.7101...700.7913) > 386-1998-VII-4 - PART 4 (700.7401...700.7417) > Section 700.7416 - Modification to achieve settlor's tax objectives; retroactive effect.

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

ESTATES AND PROTECTED INDIVIDUALS CODE (EXCERPT)
Act 386 of 1998

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
Popular Name: EPIC