Computation Of Guardian Fees

COMPUTATION OF GUARDIAN FEES [Local Rule 73] This form is used in the Probate Court of Cuyahoga County, Ohio, to determine and calculate the fees that a guardian can charge for managing a guardianship estate. It applies to guardianships in general and specific cases involving veterans (Veteran Guardianship Estates). The form includes sections for Guardianship Estates and Veteran Guardianship Estates. For Guardianship Estates, the fees are calculated based on income, expenditures, and principal. The guardian charges 10% of rental income from real estate and 3% of other income. For expenditures, the guardian charges 3% of the total expenditures. For the principal, a fee of $2.50 per thousand of the total principal is calculated based on the balance of assets in the guardianship. For Veteran Guardianship Estates, the form calculates fees by considering VA income and other income separately. A 4% fee applies to the total VA income, while a 3% fee applies to all other income. Expenditures are calculated with a 3% fee after deducting VA income. The fee for the principal remains the same at $2.50 per thousand of the total principal. This form ensures that guardians are compensated according to the established rules, providing a structured way to calculate the fees based on the income, expenditures, and assets involved in managing the guardianship estate. It also establishes a minimum fee of $500.00 per year that may be charged. www.FormsWorkflow.com