HB4863 — Probate: trusts; powers of appointment; revise. Amends secs. 5a & 14 of 1967 PA 224 (MCL 556.115a & 556.124).

HB4863 — Probate: trusts; powers of appointment; revise. Amends secs. 5a & 14 of 1967 PA 224 (MCL 556.115a & 556.124). · Informed CitizenryThis bill amends the Powers of Appointment Act of 1967 to clarify the rules for trustees who have the discretionary power to distribute income or principal from an irrevocable trust. Specifically,…Open in Informed Citizenry