(1) When doing any of the following, the conservator and the court shall take into account the protected individual's estate plan as known to them, including a will, a revocable trust of which the individual is settlor, and a contract, transfer, or joint ownership arrangement originated by the protected individual with provisions for payment or transfer of a benefit or interest at the individual's death to another or others:

    (a) Investing the estate.

    (b) Selecting estate property for distribution under section 5425 or 5426(1).

    (c) Utilizing a power of revocation or withdrawal available for the protected individual's support and exercisable by the conservator or the court.

    (2) The conservator may examine the protected individual's will.