Sec. 3915.
(1) Before distributing to a trustee, the personal representative may require that the trust be registered if the state in which it is to be administered provides for registration and that the trustee inform the beneficiaries as provided in section 7814.
(2) If the terms of the trust do not excuse the trustee from giving bond, or if the trustee is not a financial institution qualified to do trust business in this state, the personal representative may petition the appropriate court to require that the trustee post bond if the personal representative reasonably believes that a bond is needed to protect the interests of the beneficiaries. A personal representative may withhold distribution until the court acts on the petition.
(3) An inference of negligence on the personal representative's part shall not be drawn from failure to exercise the authority conferred by subsections (1) and (2).
(4) If it becomes necessary or convenient in the settlement or distribution of a decedent's estate to appoint a trustee to take charge of or invest and distribute a portion of the estate, the court may appoint a trustee upon the request of the personal representative or another interested person.
History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2009, Act 46, Eff. Apr. 1, 2010 Popular Name: EPIC
Structure Michigan Compiled Laws
Chapter 700 - Estates and Protected Individuals Code
Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)
Article III - Probate of Wills and Administration (700.3101...700.3988)
386-1998-III-9 - Part 9 Special Provisions Relating to Distribution (700.3901...700.3924)
Section 700.3901 - Successors' Rights in Absence of Administration.
Section 700.3902 - Distribution; Order in Which Assets Appropriated; Abatement.
Section 700.3903 - Indebtedness; Set-Off.
Section 700.3904 - Interest on General Pecuniary Devise.
Section 700.3905 - Penalty Clause for Contest.
Section 700.3906 - Distribution in Kind; Valuation; Method.
Section 700.3907 - Pecuniary Bequests and Trust Interests.
Section 700.3908 - Proposed Distribution.
Section 700.3909 - Distribution in Kind; Evidence.
Section 700.3910 - Distribution; Right or Title of Distributee.
Section 700.3911 - Improper Distribution; Liability of Distributee.
Section 700.3912 - Purchasers From Distributees Protected.
Section 700.3913 - Partition for Purpose of Distribution.
Section 700.3914 - Agreements Among Successors to Decedent Binding on Personal Representative.
Section 700.3915 - Distribution to Trustee.
Section 700.3916 - Disposition of Unclaimed Assets.
Section 700.3917 - Duties of County Treasurer.
Section 700.3918 - Distribution to Person Under Disability.
Section 700.3919 - Final Distribution to Domiciliary Representative.
Section 700.3920 - Apportionment of Death Taxes.
Section 700.3921 - Tax on Separate Interests; Governing Instrument Provisions.