HB5110 — Probate: trusts; procedures relating to the administration of unitrusts and income trusts; provide for. Creates new act.

HB5110 — Probate: trusts; procedures relating to the administration of unitrusts and income trusts; provide for. Creates new act. · Informed CitizenryHouse Bill 5110, known as the 'unitrust act,' provides rules for the administration of unitrusts and income trusts in Michigan. The act allows fiduciaries to convert an income trust into a unitrust…Open in Informed Citizenry