MI SB1376

Amends the Michigan Statutory Will form to clarify that it must be printed verbatim with notice provisions in 10-point boldfaced type, and expands definitions of "children" and "descendants" to include adopted children and children born outside of wedlock.

Allows courts to resolve disputes over funeral and body disposition authority by petitioning within 7 business days, with consideration of funeral arrangements' reasonableness, personal relationships, and ability to pay funeral costs.

Permits noncharitable irrevocable trusts created after April 1, 2010 to be modified or terminated by court consent, trustee and beneficiary agreement, or by designated trust protectors or trustees with modification powers.

Authorizes trustees to terminate trusts with property valued under $50,000 after 63 days' notice if costs of administration exceed benefits, adjusted annually.

Specifies trustee powers including investment management under the Michigan prudent investor rule, property management, business operations, loans to beneficiaries, and alternative dispute resolution; clarifies liability limitations and distribution procedures for trust termination.