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2012 Senate Bill 978: Allow “trust decanting”
Public Act 483 of 2012
- Introduced by Sen. Tonya Schuitmaker (R) on February 23, 2012, to allow “trust decanting,” which means moving assets held by an irrevocable trust into a different trust.
- Referred to the Senate Judiciary Committee on February 23, 2012.
- Reported in the Senate on May 9, 2012, with the recommendation that the bill pass.
- Referred to the Senate Judiciary Committee on February 23, 2012.
- Passed 36 to 0 in the Senate on May 23, 2012.
Who Voted "Yes" and Who Voted "No" - Received in the House on May 23, 2012.
- 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.
- Referred to the House Judiciary Committee on May 23, 2012.
- 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.
Comments
Re: 2012 Senate Bill 978 (Allow “trust decanting” ) by cynitra on July 25, 2012I 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
Click here to view bill details.
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