Compensation payable to guardians shall be based upon services rendered and shall not exceed six percent (6%) of the amount of moneys received during the period covered by the account, provided that during any period in which benefits are not being paid for a ward, then compensation to guardians may instead be calculated on a basis not to exceed one percent (1%) of the market value of the estate of the ward per annum. In the event of extraordinary services by any guardian, the court, upon petition and hearing 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 Department of Veterans Affairs in the manner provided in the case of hearing on a guardian's account or other pleading. No commission or compensation shall be allowed on the moneys or other assets received from a prior guardian nor upon the amount received from liquidation of loans or other investments.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 5 - Fiduciary Relationships
Chapter 66 - Uniform Veterans' Guardianship Act
§ 28-66-102. Administrator as party in interest
§ 28-66-104. Limitation on number of wards
§ 28-66-105. Appointment of guardians
§ 28-66-106. Evidence of necessity for guardian for infant
§ 28-66-107. Evidence of necessity for guardian for incompetent
§ 28-66-110. Petitions and accounts, notices and hearings
§ 28-66-111. Penalty for failure to account
§ 28-66-112. Compensation of guardians
§ 28-66-114. Maintenance and support
§ 28-66-115. Purchase of home for ward
§ 28-66-116. Copies of public records to be furnished
§ 28-66-117. Discharge of guardian and release of sureties
§ 28-66-118. Commitment to Veterans' Administration or other agency of United States Government
§ 28-66-119. Liberal construction
§ 28-66-122. Modification of prior laws