2012 Senate Bill 978 / Public Act 483

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Introduced in the Senate

Feb. 23, 2012

Introduced by Sen. Tonya Schuitmaker (R-20)

To allow “trust decanting,” which means moving assets held by an irrevocable trust into a different trust.

Referred to the Committee on Judiciary

May 9, 2012

Reported without amendment

With the recommendation that the bill pass.

May 23, 2012

Passed in the Senate 36 to 0 (details)

Received in the House

May 23, 2012

Referred to the Committee on Judiciary

Sept. 13, 2012

Reported without amendment

With the recommendation that the bill be referred to the Committee on Banking and Financial Services.

Referred to the Committee on Banking and Financial Services

Dec. 5, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 12, 2012

Passed in the House 109 to 0 (details)

To allow “trust decanting,” which means moving assets held by an irrevocable trust into a different trust.

Signed by Gov. Rick Snyder

Dec. 26, 2012