{"data":{"id":"us-mi/mich.-comp.-laws-700.2713","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 700.2713","heading":"Definitions for survivorship with respect to future interests under terms of trust.","body":"Sec. 2713.\n\nAs used in this section and sections 2714 to 2716:\n\n\"Alternative future interest\" means an expressly created future interest that can take effect in possession or enjoyment instead of another future interest on the happening of 1 or more events, including survival of an event or failure to survive an event, whether an event is expressed in condition-precedent, condition-subsequent, or another form. A residuary clause in a will does not create an alternative future interest with respect to a future interest created in a nonresiduary devise in the will, whether or not the will specifically provides that a lapsed or failed devise is to pass under the residuary clause.\n\n\"Beneficiary\" means the beneficiary of a future interest and includes a class member if the future interest is in the form of a class gift.\n\n\"Class member\" includes, but is not limited to, an individual who failed to survive the distribution date but who would have taken under a future interest in the form of a class gift had he or she survived the distribution date.\n\n\"Distribution date\" means, with respect to a future interest, the time when the future interest takes effect in possession or enjoyment. The distribution date does not need to occur at the beginning or end of a calendar day, but can occur at a time during the course of a day.\n\n\"Future interest\" includes, but is not limited to, an alternative future interest and a future interest in the form of a class gift.\n\n\"Future interest under the terms of a trust\" means a future interest that is created by a transfer creating a trust or to an existing trust or by an exercise of a power of appointment to an existing trust, directing the continuance of an existing trust, designating a beneficiary of an existing trust, or creating a trust.\n\n\"Surviving beneficiary\" or \"surviving descendant\" means a beneficiary or a descendant who does not predecease the distribution date and who is not considered to have predeceased the distribution date under section 2702.","path":["MI Code","Chapter 700","Act Act-386-of-1998"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-700-2713","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"6aba93968370fcbc29e75359024c7b69a1d585fd974b4d7483e64847f496693d","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-700.2712","next":"us-mi/mich.-comp.-laws-700.2714"},"notice":"GroundRules: Original legal text. Not legal advice."}