MI HB5362

Allows trustees to provide a certificate of trust to non-beneficiaries instead of the full trust instrument, containing the trust name, date, trustee names and addresses, trustee powers, revocability status, and cotrust authority.

Certificate of trust must be signed or authenticated by the settlor, trustee, or their attorney in affidavit form and state that the trust has not been revoked, modified, or amended in ways that would make the certificate incorrect.

Recipients of a certificate of trust may require the trustee to furnish only excerpts from the trust instrument that designate the trustee and confer transaction powers, rather than demanding the complete instrument.

Persons acting in good faith reliance on an accurate certificate of trust are protected from liability and may enforce transactions against trust property as if the certificate's representations were correct.

Persons who demand the full trust instrument without legal requirement to do so are liable for damages, costs, expenses, and legal fees as determined by the court.