How is a guardian compensated?

In North Carolina, guardians are typically compensated in one of two ways. The first is a court-ordered fee, paid by the ward’s estate. The court typically sets a fee proportionate to the size of the estate and the complexity of the work needed to manage it. Guardians may also be compensated out of the ward’s income, such as from rent received from the ward’s real estate holdings or investments. It’s important to note that the courts weigh the interests of the ward heavily in determining how a guardian should be compensated. Generally, the court takes into consideration the guardian’s services as well as the size of the estate and its financial resources when deciding an appropriate fee amount. In North Carolina, guardians are also subject to the North Carolina Attorney General’s regulations, which limit how much a guardian can receive from their ward’s estate. The regulations also impose restrictions on how much a guardian can charge for their services and define the types of investments guardians can make on behalf of their ward. Ultimately, guardians are compensated in order to provide them with fair and reasonable compensation for managing the ward’s estate. The courts in North Carolina understand the considerable responsibility that falls on a guardian and want to make sure they are adequately compensated for their time and effort.

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How is a guardian compensated?

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