1155.003 – COMPENSATION FOR GUARDIAN OF THE ESTATE. (a)
Texas Estates Code § 1155.003
Summary
This law allows guardians of an estate to request reasonable compensation from the court when submitting annual or final accountings. The compensation is based on a percentage of the estate's gross income and disbursements, ensuring guardians are fairly compensated for their services.
Guardians can apply for compensation during accounting approval.
Compensation is based on 5% of gross income and disbursements.
Additional fees may be awarded after a court review.
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In simple terms: Learn about Texas's COMPENSATION FOR GUARDIAN OF THE ESTATE. (a) law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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