New Jersey Statutes 3B:13-17. Compensation of guardian
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Terms Used In New Jersey Statutes 3B:13-17
- Estate: means all of the property of a decedent, minor or incapacitated individual, trust or other person whose affairs are subject to this title as the property is originally constituted and as it exists from time to time during administration. See New Jersey Statutes 3B:1-1
- 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 a person acting as fiduciary for a ward. See New Jersey Statutes 3B:13-2
- income: include only moneys received by the guardian from a Federal agency and earnings, interest, and profits derived therefrom. See New Jersey Statutes 3B:13-2
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Ward: means a beneficiary of a Federal agency. See New Jersey Statutes 3B:13-2
Compensation payable to a guardian shall not exceed 5% of the income of the ward during any year.
For extraordinary services rendered by the guardian, the Superior Court may, after hearing upon the settlement of his account, authorize additional compensation payable from the estate of the ward, but 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 a corporate surety upon his bond.
L.1981, c. 405, s. 3B:13-17, eff. May 1, 1982.