state_legiscan_drain · MI
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).
September 25, 2025
Summary
If enacted, this bill would require guardians and conservators to obtain a licensed or certified appraisal before selling real property under a Michigan probate estate. This change aims to protect beneficiaries by ensuring the property is sold for fair market value.
AI-generated summary · Jul 26, 2026. Verify with your compliance counsel before acting.
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Source: https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0585
Common questions
- What does "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)." cover?
- If enacted, this bill would require guardians and conservators to obtain a licensed or certified appraisal before selling real property under a Michigan…
- When was it published?
- It was published on September 25, 2025.
Related updates
- Mortgagee Letter 2026-10: Updates to FHA Quality Control Requirements for Appraisal Field Reviews
- MPF Announcement 2026-40
- MPF Announcement Summary 2026-S07
- Requires an insurance company to directly pay the insured's chosen appraiser and the umpire appraiser, if applicable, upon receipt of a "direction to pay" executed by an insured or claimant.
- Requires an insurance company to directly pay the insured's chosen appraiser and the umpire appraiser, if applicable, upon receipt of a "direction to pay" executed by an insured or claimant.
- MPF Announcement Summary 2026-S06