Legal Question in Wills and Trusts in New Jersey
Guardianship fees
I have been appointed guardian as well as trustee for a special needs trust for my incapicated mother. Is there any kind of fee I can take for serving in this capicity?
Asked on 7/28/04, 3:55 pm
2 Answers from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: Guardianship fees
You are entitled to fees, set by statute. Check with the Clerk of the Court where you were appointed as to what fees you can take, as these fees are different from those generally allowed in non-guardian cases. Remeber that any fees paid to you are income subject to income taxes and also court approval after your guardianship has ended.
Answered on 7/29/04, 2:14 pm
Jonathan Chester
The Law Office of Jonathan S. Chester, Esq., LLC
Re: Guardianship fees
Guardians and trustees are both entitled to statutory fees on income and principal based on the $ value of the assets they are responsible for.
Answered on 7/28/04, 4:03 pm
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