Kentucky Statutes 388.300 – Compensation of guardian or conservator
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Compensation payable to guardians or conservators shall not exceed five percent (5) of the income of the ward during any year, but in no event shall the amount of such compensation be less than fifty dollars ($50) for each year. In the event of extraordinary services rendered by any guardian or conservator, the court may, upon petition and after notice to the Veterans Affairs and hearing thereon, authorize reasonable additional compensation therefor payable from the estate of the ward. Notice of such petition and hearing shall be given to the proper office of the Veterans Affairs in the manner provided in KRS § 388.280. No commission or compensation shall be allowed on the estate received from a preceding guardian.
Effective:June 29, 2017
History: Amended 2017 Ky. Acts ch. 42, sec. 29, effective June 29, 2017. — Amended 1982 Ky. Acts ch. 141, sec. 124, effective July 1, 1982. — Amended
1962 Ky. Acts ch. 250, sec. 1. — Created 1942 Ky. Acts ch. 25, sec. 11.
Note. 1980 Ky. Acts ch. 396, sec. 135 would have amended this section effective July 1, 1982. However, 1980 Ky. Acts ch. 396 was repealed by 1982 Ky. Acts ch. 141, sec. 146, also effective July 1, 1982.
Effective:June 29, 2017
Terms Used In Kentucky Statutes 388.300
- court: means the District Court of the county of the beneficiary's residence. See Kentucky Statutes 388.190
- 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.
- income: shall include only moneys received by the guardian or conservator from the Veterans Affairs, all earnings, interest and profits derived therefrom and all property acquired therewith. See Kentucky Statutes 388.190
- Veterans Affairs: means the United States Department of Veterans
Affairs, its predecessors or successors. See Kentucky Statutes 388.190 - ward: means a beneficiary of the Veterans Affairs. See Kentucky Statutes 388.190
- Year: means calendar year. See Kentucky Statutes 446.010
History: Amended 2017 Ky. Acts ch. 42, sec. 29, effective June 29, 2017. — Amended 1982 Ky. Acts ch. 141, sec. 124, effective July 1, 1982. — Amended
1962 Ky. Acts ch. 250, sec. 1. — Created 1942 Ky. Acts ch. 25, sec. 11.
Note. 1980 Ky. Acts ch. 396, sec. 135 would have amended this section effective July 1, 1982. However, 1980 Ky. Acts ch. 396 was repealed by 1982 Ky. Acts ch. 141, sec. 146, also effective July 1, 1982.