Mich. Comp. Laws § 700.7505

Current through Public Act 57 of the 2024 Legislative Session
Section 700.7505 - Discretionary trust; effect of standard; right of transferee or creditor

The transferee or creditor of the beneficiary of a discretionary trust provision does not have a right to any amount of trust income or principal that may be distributed only in the exercise of the trustee's discretion, and trust property is not subject to the enforcement of a judgment until income or principal, or both, is distributed directly to the trust beneficiary.

MCL 700.7505

Amended by 2009, Act 46,s 84 , eff. 4/1/2010.
1998, Act 386, Eff. 4/1/2000.