How is a guardian compensated?

In Indiana, guardians are typically not compensated for their services unless ordered to do so by a court. This can happen if the guardianship is contested and the court believes that it is in the best interest of the ward to pay the guardian an allowance. In that case, the court will order the ward’s estate to pay the guardian for the guardianship services. The court can also order the guardian’s compensation to be paid from the ward’s estate. This usually happens if the ward is unable to pay for the guardianship services out of pocket. In addition, a court can order the guardian to be compensated from the ward’s estate if they have been fulfilling the duty for an extended period of time. The exact amount of the guardian’s compensation will vary depending on the circumstances of the case. In Indiana, guardians cannot charge more than 5% of the ward’s assets per year, and the court must approve any payments they make from the ward’s estate. In addition to possible compensation, guardians in Indiana are entitled to reimbursement of their necessary expenses for performing the duties of the guardianship. These expenses include any fees that are associated with court appearances, the preparation of legal documents, and travel expenses incurred while fulfilling the duties of the guardianship.

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