Compensation payable to a guardian must not exceed 5 percent of the income of the ward during any year. In the event of extraordinary services rendered by any 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 must be given to the proper office of the Department of Veterans Affairs in the manner provided in NRS 160.100. No compensation may be allowed on the corpus of an estate received from a preceding guardian. The guardian may be allowed from the estate of the ward of the guardian reasonable premiums paid by him or her to any corporate surety upon his or her bond.

Terms Used In Nevada Revised Statutes 160.120

  • Department of Veterans Affairs: means the Department of Veterans Affairs, its predecessors or successors. See Nevada Revised Statutes 160.020
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Guardian: means any person acting as a fiduciary for a ward. See Nevada Revised Statutes 160.020
  • income: include only money received by the guardian from the Department of Veterans Affairs and all earnings, interest and profits derived therefrom. See Nevada Revised Statutes 160.020
  • Ward: means a beneficiary of the Department of Veterans Affairs. See Nevada Revised Statutes 160.020