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Read. Follow. Verify.Michigan House Bill 4034 Revises Trust Perpetuities Rules to Align with Personal Property Act
Last action · April 29, 2025: REFERRED TO COMMITTEE ON CIVIL RIGHTS, JUDICIARY, AND PUBLIC SAFETYSponsors: Douglas Wozniak and 4 others
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What This Bill Would Do
Michigan House Bill 4034 amends sections 3, 5, and 6 of the uniform statutory to clarify the creation time for trust property interests and adjust the perpetuities time period to 360 years when certain s are exercised under the personal property trust perpetuities act.
Changes how long certain trust property interests and powers of appointment can legally endure when subjected to s under Michigan trust law.
- The Uniform Statutory Rule Against Perpetuities governs how long certain property interests can remain contingent before vesting. context
- House Bill 4034 is part of Michigan's ongoing legislative updates to estate and trust management statutes. context
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Trust beneficiaries
Trust beneficiaries experience changes in how long nonvested property interests and powers of appointment can be maintained under statutory perpetuities rules.
Fiduciaries and trustees
Fiduciaries and trustees must manage trust assets and administer property in accordance with the updated creation timelines and 360-year evaluation periods.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What time period is used when evaluating certain second power exercises under the bill?
Does this bill change rules for trusts created before December 27, 1988?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently passed both. The next step in the legislative lifecycle is Law.
Procedural history
15 actions- Apr 29, 2025SenateCommitteeREFERRED TO COMMITTEE ON CIVIL RIGHTS, JUDICIARY, AND PUBLIC SAFETY
- Apr 29, 2025SenateFloorPASSED BY HOUSE WITH IMMEDIATE EFFECT
- Apr 23, 2025Housetransmitted
- Apr 23, 2025Housetitle amended
- Apr 23, 2025HouseFloorpassed; given immediate effect Roll Call #66 Yeas 106 Nays 0 Excused 0 Not Voting 4
- Apr 23, 2025HouseFloorread a third time
Show 9 earlier actions
- Apr 22, 2025Houseplaced on third reading
- Apr 22, 2025HouseFloorsubstitute (H-2) adopted
- Apr 22, 2025HouseFloorread a second time
- Apr 16, 2025Housereferred to second reading
- Apr 16, 2025HouseCommitteereported with recommendation with substitute (H-2)
- Jan 29, 2025Housebill electronically reproduced 01/28/2025
- Jan 28, 2025HouseCommitteereferred to Committee on Judiciary
- Jan 28, 2025HouseIntroducedread a first time
- Jan 28, 2025HouseIntroducedintroduced by Representative Rep. Douglas Wozniak
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Alignment with Personal Property Trust Perpetuities Act
The amendments integrate the uniform statutory rule against perpetuities more closely with the framework established by the 2008 personal property trust perpetuities act by introducing a 360-year rule for second powers.
Connected Entities
Sources
legislature.mi.gov
Analysis Score
0–100- Significance45How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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