Mich. Comp. Laws § 700.7505: Discretionary trust; effect of standard; right of transferee or creditor.
Where this section sits in the code
- MI Code
- Chapter 700
- Act Act-386-of-1998
Sec. 7505.
The transferee or creditor of the beneficiary of a discretionary trust provision does not have a right to any amount of trust income or principal that may be distributed only in the exercise of the trustee's discretion, and trust property is not subject to the enforcement of a judgment until income or principal, or both, is distributed directly to the trust beneficiary.
Collected 2026-09-14T18:32:31Z. Source file · JSON