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Tenn. Code Ann. § 34-1-112

Compensation to fiduciary

Applied in 1 court decision — leading case In Re: The Conservatorship Of Mary Ruth Davis Hudson (2018)

Most recently applied in In Re: The Conservatorship Of Mary Ruth Davis Hudson (August 2018)

Acts 1992, ch. 794, § 13; T.C.A. § 34-11-112; Acts 2013, ch. 435, § 46.

(1) The fiduciary may receive reasonable compensation for services rendered. The court shall set the actual compensation to be paid, taking into account: The complexity of the property of the minor or person with a disability;

(2) The amount of time the fiduciary spent in performing fiduciary duties;

(3) Whether the fiduciary had to take time away from the fiduciary's normal occupation;

(4) Whether the services provided the minor or person with a disability are those the fiduciary should normally have provided had there been no need for a fiduciary, and

(5) Such other matters as the court deems appropriate.

(6) No person, other than a person performing temporary fiduciary services while a proceeding is pending, who has not been appointed by the court to serve as a fiduciary shall receive any compensation for fiduciary services; however, this does not preclude payment for the necessary care of the minor or person with a disability.

(7) No compensation to the fiduciary shall be paid without prior court approval.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.