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North Carolina General Statutes 34-12 - Compensation at five percent; additional compensation; premiums on bonds

North Carolina General Statutes > Chapter 34 > § 34-12 - Compensation at five percent; additional compensation; premiums on bonds


Current as of: 2010

Compensation payable to guardians shall not exceed five percent (5%) of the income of the ward during any year, except that the court may approve compensation in the accounting in an amount not to exceed twenty-five dollars ($25.00) from an estate where the income for any one year is less than five hundred dollars ($500.00). In the event of extraordinary services rendered by such guardian the court may, upon petition and after hearing thereon, authorize additional compensation therefor, payable from the estate of the ward. Notice of such petition and hearing shall be given the proper office of the Bureau and the Department of Military and Veterans Affairs in the manner provided in Gen. Stat. 34-10. No compensation shall be allowed on the corpus of an estate received from a preceding guardian. The guardian may be allowed from the estate of his ward reasonable premiums paid by him to any corporate surety upon his bond.

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Questions & Answers: Guardianships

Desiree, Do you mean that the deceased owed you money and property at the time he or she passed away? Or that the deceased left you money and property in their will? Steve Dai...
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North Carolina Laws: Guardianships

North Carolina General Statutes > Chapter 34 - Veterans' Guardianship Act
North Carolina General Statutes Chapter 35A - Incompetency and Guardianship
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Laura A. Lipinski, Esq.
Twenty years of experience providing estate and tax planning services to clients in the western suburbs of Chicago. Member, National Academy of Elder Law Attorney.

Western Springs, Illinois
Chicago, Illinois
Practice Areas: Wills and Estates, Real Estate, Guardianships, Premarital Agreements
www.lipinskilawfirm.com/
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