Michigan Compiled Laws § 700.7416 Modification To Achieve Settlor's Tax Objectives; Retroactive Effect.

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

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Last modified: October 10, 2016