Probate: guardians and conservators; requirement to have an appraisal for the sale of real property; provide for. Amends sec. 5423 of 1998 PA 386 (MCL 700.5423).

New powers granted to conservators to acquire undivided interests in estate property and to invest or reinvest assets following the Michigan prudent investor rule.

New authority for conservators to prosecute or defend legal actions and to execute instruments that facilitate their duties.

New power for conservators to respond to environmental concerns or hazards affecting estate property.

Hiring an attorney no longer requires independent investigation by the conservator; the conservator may act on the attorney's recommendation without such investigation.

Attorneys employed by the conservator must now receive reasonable compensation for their services.

Selling a protected individual's home now strictly requires a court hearing, notice to interested parties, and an appraisal conducted within the last six months by a licensed professional.

If a home is sold for less than its appraised value, the court must explicitly explain on the record why the sale is still in the protected individual's best interest.

Corrected the title header from lowercase 'substitute for' to uppercase 'SUBSTITUTE FOR'.

Standardized the capitalization of the enacting clause from 'the peoplE' to 'THE PEOPLE'.

Inserted page header information (DAW, S03574'25, S-1) into the document body.

Reformatted the text to include line numbers and adjusted line breaks for readability.

Added a specific judicial duty to explain on the record the justification for selling a protected individual's principal dwelling below its appraised value.