Probate: guardians and conservators; requirements upon discovery of certain assets; provide for. Amends secs. 5106, 5314 & 5319 of 1998 PA 386 (MCL 700.5106 et seq.).

Courts must now find that no other competent, suitable, and willing person exists before appointing a professional guardian or conservator.

Professional guardians must create and maintain a visitation schedule to ensure family or associates visit the ward at least once every three months.

Guardians executing medical directives like do-not-resuscitate orders must consult the ward and the attending physician within 14 days before and annually after the order is made.

Guardians must file detailed annual reports covering the ward's condition, living arrangements, medical treatments, and specific actions taken regarding medical directives.

The threshold for requiring a conservator to manage excess estate property was raised to $25,000, and guardians must report any property exceeding this amount to the court within 14 days.

Nonbanking corporations organized under Michigan law are now explicitly authorized to act as fiduciaries in professional guardian or conservator roles.