Referred to the House Judiciary Committee on May 23, 2012.
Reported in the House on September 13, 2012, with the recommendation that the bill be referred to the Committee on Banking and Financial Services.
Referred to the House Banking and Financial Services Committee on September 13, 2012.
Reported in the House on December 5, 2012, without amendment and with the recommendation that the bill pass.
Passed 109 to 0 in the House on December 12, 2012, to allow “trust decanting,” which means moving assets held by an irrevocable trust into a different trust. Who Voted "Yes" and Who Voted "No"
Signed by Gov. Rick Snyder on December 26, 2012.
Re: 2012 Senate Bill 978 (Allow “trust decanting” ) by cynitra on July 25, 2012 I agree with the above post...this bill is ridiculous and it sounds like a conspiracy theory to me.
Re: 2012 Senate Bill 978 (Allow “trust decanting” ) by isabelleelise on May 6, 2012
Irrevocable Trusts are set up precisely so that the Trust cannot be changed after death. This would set a terrible precedent. Trust Laws should not be compromised. Irrevocable Trusts (wishes and prudence of the deceased) should be upheld.
2012 Senate Bill 978 (Allow “trust decanting” ) by admin on May 6, 2012 Introduced in the Senate on February 23, 2012