Probate: guardians and conservators; powers and duties; modify. Amends secs. 5410 & 5423 of 1998 PA 386 (MCL 700.5410 & 700.5423). TIE BAR WITH: HB 4169'25

This bill modifies Michigan laws governing the powers and duties of conservators, who manage the financial affairs of individuals unable to do so themselves. It primarily affects courts, conservators, and the families of protected individuals by clarifying when conservators must post a financial bond and expanding their authority to manage estate assets. Under the new provisions, courts must require a bond unless specific exceptions apply, such as when the estate lacks cash or the conservator has already been granted trust powers. The bill also updates the list of actions conservators can take without court approval, including managing businesses, investing assets, entering leases, and employing professional advisors, while maintaining oversight requirements to protect the interests of the protected individual.