A bill to amend 1998 PA 386, entitled “Estates and protected individuals code,” by amending sections 5106, 5304, 5305, 5308, 5314, and 5418 (MCL 700.5106, 700.5304, 700.5305, 700.5308, 700.5314, and 700.5418), section 5106 as amended by 2017 PA 136, section 5305 as amended by 2017 PA 155, section 5308 as amended by 2005 PA 204, section 5314 as amended by 2018 PA 594, and section 5418 as amended by 2000 PA 312.
This bill aims to improve the appointment and regulation of professional guardians and conservators, ensuring the prioritization of the ward or protected individual's best interest, including the exploration of suitable alternatives. It sets specific conditions for these appointments, such as bond filing requirements, limitations on the number of individuals a professional guardian can serve, and restrictions on benefits received by guardians or conservators beyond authorized compensation. The legislation mandates regular visits to wards, adequate staffing for care, and permits nonbanking corporations to act in a fiduciary capacity.
Co-sponsored by Sens.
Referred to the Committee on Civil Rights, Judiciary, and Public Safety
