The bill amends the "Estates and Protected Individuals Code" to enhance the responsibilities and requirements for professional guardians and conservators in Michigan. Key provisions include the requirement for the court to appoint a professional guardian or conservator only if it is in the best interest of the individual and if no other suitable person is available. Additionally, professional guardians and conservators must file a bond or place money in a restricted account as determined by the court. They are also required to maintain a visitation schedule, ensuring that visits occur no later than three months after their appointment and at least once every three months thereafter.

Further amendments specify that guardians must consult with the legally incapacitated individual before making major decisions and report on the ward's condition and estate annually. The bill also mandates that if a guardian discovers property exceeding $25,000, they must notify the court within 14 days. Moreover, it establishes that if financial protection is deemed necessary, the court shall order the guardian to petition for a conservator. These changes aim to improve oversight and accountability in the management of wards' affairs, ensuring their best interests are prioritized.

Statutes affected:
House Introduced Bill: 700.5106