The bill amends the Estates and Protected Individuals Code, specifically section 5423, to clarify the powers and responsibilities of conservators in Michigan. It establishes that a conservator has all powers conferred by law, including those of a guardian for unmarried minors without parental rights, until the individual reaches adulthood or marries. The bill outlines various actions a conservator may take without court authorization, such as managing estate property, investing funds, and employing professionals for assistance. Notably, it specifies that attorneys employed by the conservator must receive reasonable compensation for their services.

Additionally, the bill introduces new requirements for the sale or disposal of a protected individual's principal dwelling or real property. It mandates that such actions require court approval, which can only be granted after a hearing that includes evidence of the property's value, specifically an appraisal conducted within the last six months by a licensed professional. If the court approves a sale below the appraised value, it must provide a recorded explanation of how the sale serves the best interest of the protected individual.

Statutes affected:
Substitute (S-1): 700.5423
Senate Introduced Bill: 700.5423
As Passed by the Senate: 700.5423