Michigan § 700.2715 - Multiple substitute gifts.
Full text of Michigan Michigan Compiled Laws § 700.2715 — Multiple substitute gifts., with citation guidance and answers to common questions.
§ 700.2715. Multiple substitute gifts.
If, under section 2714, substitute gifts are created and not superseded with respect to more than 1 future interest and the future interests are alternative future interests, one to the other, the determination of which of the substitute gifts takes effect is resolved as follows:
Except as provided in subdivision (b), the property passes under the primary substitute gift.
If there is a younger-generation future interest, the property passes under the younger-generation substitute gift and not under the primary substitute gift.
As used in this section:
"Primary future interest" means the future interest that would have taken effect had all the deceased beneficiaries of the alternative future interests who left surviving descendants survived the distribution date.
"Primary substitute gift" means the substitute gift created with respect to the primary future interest.
"Younger-generation future interest" means a future interest for which all of the following are true:
Is to a descendant of a beneficiary of the primary future interest.
Is an alternative future interest with respect to the primary future interest.
Is a future interest for which a substitute gift is created.
Would have taken effect had all the deceased beneficiaries who left surviving descendants survived the distribution date except the deceased beneficiary or beneficiaries of the primary future interest.
"Younger-generation substitute gift" means the substitute gift created with respect to the younger-generation future interest.
Frequently Asked Questions About Michigan § 700.2715
What does Michigan Compiled Laws § 700.2715 cover?
Section 700.2715 ("Multiple substitute gifts.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 700.2715?
A common citation format is "Michigan Compiled Laws § 700.2715" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 700.2715 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.