A guardian can be paid for their work, but the pay cannot be more than 5% of the money they handled during that time period. If a guardian did extra hard or unusual work, a court can approve extra pay after a hearing. A guardian does not get paid a percentage on money that came from a previous guardian or from cashing out loans or investments.
475.435. of . — Compensation payable to guardians shall be based upon services rendered and shall not exceed five percent of the amount of moneys received during the period covered by the account. In the event of by any guardian, the court, upon and thereon, may authorize reasonable additional compensation therefor. A copy of the petition and notice of hearing thereon shall be given the proper office of the in the manner provided in the case of hearing on a guardian's account or other . No or compensation shall be allowed on the moneys or other received from a prior guardian nor upon the amount received from of loans or other investments.
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Source & history notes
(L. 1947 V. I p. 4 § 12) (1957) Where guardian, who was wife of incompetent, made twenty-eight annual settlements before her death and never claimed or received any commissions, she was held to have waived right to commissions. Pasley v. Marshall (A.), 305 S.W.2d 879.
Related Missouri laws
Removal for failure to file accounts
RSMo 475.430
Investment of funds
RSMo 475.440
Filing of accounts
RSMo 475.425
Application of funds
RSMo 475.445
Qualifications and bond of guardian
RSMo 475.420
Purchase of home for ward
RSMo 475.450
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.