§ 29-5-53. Compensation From Corporation or Other Business Entity
Any conservator who is a domiciliary of this state may receive compensation for services, as specified in this subsection, from a corporation or other business enterprise where the estate of the ward owns an interest in the corporation or other business enterprise, provided that: The services furnished by the conservator to the corporation or other […]
§ 29-5-54. Application for Compensation by Emergency or Temporary Substitute Conservator; Reduction of Compensation to Conservator
An emergency conservator or temporary substitute conservator may apply to the court for reasonable compensation after notice to interested parties in compliance with Chapter 9 of this title. The court shall award reasonable compensation to an emergency conservator or temporary substitute conservator and such compensation shall be the only compensation or commission paid to the […]
§ 29-5-50. Determining Compensation of Conservator; Failure to File Annual Returns Results in Forfeiture of Commission
Other than an emergency conservator or a temporary substitute conservator, a conservator shall be entitled to compensation for services rendered equal to: Two and one-half percent commission on all sums of money received by the conservator on account of the estate, except on money loaned by and repaid to the conservator, and 2 1/2 percent […]
§ 29-5-51. Reimbursement for Reasonable Expenses
Conservators shall be allowed reasonable expenses incurred in the administration of the estate, including without limitation expenses for travel, employing counsel and other agents, and the expenses and premiums incurred in securing a bond. Such reasonable expenses shall be determined after notice, if any, as the court shall direct. The conservator’s commissions are part of […]
§ 29-5-52. Petition for Additional Compensation by Conservator
A conservator may petition the court for compensation that is greater than the commissions allowed under Code Section 29-5-50. Service of notice of the petition for extra compensation shall be made to the ward and to a guardian ad litem appointed for the ward. Service shall be made in the manner described in Chapter 9 […]