Modifies duties and powers of trustees in Michigan, including trust duration limits and beneficiary rights.

This bill amends sections 7105 and 7110 of the Michigan Trust Code to modify the duties and powers of trustees. It includes changes to the duration limits for trusts, the rights of beneficiaries, and the obligations of trustees. The bill also addresses the rights of charitable organizations and the attorney general concerning trusts. It ensures that trustees must administer trusts in accordance with the law and public policy, and it outlines specific rights for beneficiaries of noncharitable trusts and charitable trusts.

Modifies duties and powers of trustees in Michigan, including trust duration limits and beneficiary rights.

This bill amends sections 7105 and 7110 of the Michigan Trust Code to modify the duties and powers of trustees. It includes changes to the duration limits for trusts, the rights of beneficiaries, and the obligations of trustees. The bill also addresses the rights of charitable organizations and the attorney general concerning trusts. It ensures that trustees must administer trusts in accordance with the law and public policy, and it outlines specific rights for beneficiaries of noncharitable trusts and charitable trusts.