2011 House Bill 5154 / 2012 Public Act 302

Revise certain trust details

Introduced in the House

Nov. 8, 2011

Introduced by Rep. John Walsh (R-19)

To revise details of a law that provides procedures for trustees administering an estate in separating income (which is distributed to current beneficiaries) from principle (which will eventually be distributed to remainder beneficiaries). The bill incorporates into Michigan statute revisions recommended by the National Conference of Commissioners on Uniform State Laws.

Referred to the Committee on Tax Policy

May 2, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

May 15, 2012

Passed in the House 109 to 0 (details)

Received in the Senate

May 16, 2012

Referred to the Committee on Finance

June 7, 2012

Reported without amendment

With the recommendation that the bill pass.

Sept. 12, 2012

Passed in the Senate 38 to 0 (details)

To revise details of a law that provides procedures for trustees administering an estate in separating income (which is distributed to current beneficiaries) from principle (which will eventually be distributed to remainder beneficiaries). The bill incorporates into Michigan statute revisions recommended by the National Conference of Commissioners on Uniform State Laws.

Signed by Gov. Rick Snyder

Sept. 25, 2012