Modification to Achieve Settlor's Tax Objectives; Retroactive Effect.

  1. Law
  2. Michigan Compiled Laws
  3. Estates and Protected Individuals Code
  4. 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)
  5. Michigan Trust Code (700.7101...700.7913)
  6. Part 4 Creation, Validity, Modification, and Termination of Trust (700.7401...700.7417)
  7. Modification to Achieve Settlor's Tax Objectives; Retroactive Effect.

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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


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