Mich. Comp. Laws § 700.7503

Current through Public Act 57 of the 2024 Legislative Session
Section 700.7503 - Trust for support
(1) The interest of a trust beneficiary that is subject to a support provision may not be transferred and the trust property is not subject to the enforcement of a judgment until income or principal, or both, is distributed directly to the trust beneficiary. After a distribution to a trust beneficiary whose interest is subject to a support provision, the income and principal distributed are subject to the enforcement of a judgment only to the extent that the income or principal, or both, is not necessary for the health, education, support, or maintenance of the trust beneficiary.
(2) The use or enjoyment of trust property by a trust beneficiary whose interest is subject to a support provision may not be transferred and is not subject to the enforcement of a judgment against the trust beneficiary.
(3) Subsections (1) and (2) do not apply under circumstances described in section 7504, 7506, or 7507.

MCL 700.7503

Amended by 2009, Act 46,s 82 , eff. 4/1/2010.
1998, Act 386, Eff. 4/1/2000 ;--Am. 2000, Act 177, Imd. Eff. 6/20/2000.