Computation Of Attorney Fees Form Page 37
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60Adopted: 2/1/05
Revised: 8/1/14
LOCAL RULE 73.1
GUARDIAN FEES
(A)
A guardian may take guardian fees without application or order of the Court if the fees
are less than or equal to the sum of the following:
(1)
5% of income from intangible investments and deposits and installment receipts,
such as Social Security or Veterans’ Benefits;
(2)
10% of gross rentals from real estate actually managed by the guardian (5% if
proceeds of a net lease);
(3)
.25% of intangible personal property investments and deposits for each year of the
accounting period;
(4)
1% of distribution of personal property corpus at conclusion of the guardianship.
(B)
A computation of fees shall be filed with each account in which credit has been taken for
payment of fees. Appendix E to the Local Rules or a similar form shall be used to
compute the allowed fees. Existence of the above schedule does not constitute approval
by the Court of the reasonableness of the fees taken.
(C)
A corporate guardian that is not required to post bond may take guardian fees in
accordance with its published fee schedule, provided the fee schedule has been filed with
the Court. A corporate guardian shall file its current published fee schedule with the
Court on an annual basis. Any amendments to the schedule must be filed before a fee
may be taken in accordance with the amended schedule. Fee schedules shall be limited to
a maximum 1% fee for all guardianship estates with a market value of $75,000.00 or less.
(D)
Applications for guardian fees that are filed by guardians of veterans must comply with
R.C. Chapter 5905 and the rules and regulations of the Department of Veterans Affairs.
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