Michigan SB0585 requires conservators to obtain an appraisal for the sale of real property.

Michigan SB0585 amends the Michigan Estates and Protected Individuals Code to require conservators to obtain an appraisal for the value of real property before selling, disposing, mortgaging, pledging, or placing a lien on the property. The appraisal must be conducted by a professional licensed under the occupational code and completed within the preceding six months. This requirement ensures that the sale or other disposition of the property is in the best interest of the protected individual.

Michigan SB0585 requires conservators to obtain an appraisal for the sale of real property.

Michigan SB0585 amends the Michigan Estates and Protected Individuals Code to require conservators to obtain an appraisal for the value of real property before selling, disposing, mortgaging, pledging, or placing a lien on the property. The appraisal must be conducted by a professional licensed under the occupational code and completed within the preceding six months. This requirement ensures that the sale or other disposition of the property is in the best interest of the protected individual.