1. Application.

   Guardians shall file an application for allowance for fees at the time that the regular accounting is submitted to the Court. Such fees shall not be paid until authorized by the Court, and shall be accounted for in the next accounting period. Application forms shall be provided by the Court. See Appendix C.

2. Schedule.

   Guardian's compensation shall be based upon the following schedule:

   5% of the first $100,000.00 of income
   3% of all income over $100,000.00
   5% of the authorized expenditures up to $100,000.00
   3% of the authorized expenditures over $100,000.00

3. Extraordinary Fees.

   An application for extraordinary guardian's fees shall be accompanied with itemized time records. All time itemizations shall state the date and time expended, who performed the service, the nature of the service performed, the hourly rate requested, or the specific basis of the fee requested. A hearing shall be set with notice sent by the applicant to all interested parties as the Court so orders.

4. Authorized Expenditures.

   Conversion of assets to cash, reinvesting assets, distributions upon termination to another fiduciary, or the payment of guardian's fees shall not be deemed to be authorized expenditures or as income for purposes of computing compensation herein.

5. Minimum Fees.

   Minimum guardian's or trustee's fees shall be allowed in the amount of Three Hundred Dollars ($300.00) a year.

[Former Rule 42.1 amended and renumbered as Rule 73.1, effective June 10, 1998; amended effective July 1, 1999.]