Estates and Trusts - Compensation of Guardians of Property and Trustees

SB 19 clarifies compensation rules for guardians of property and trustees in Maryland. It establishes specific tiered commission rates for guardians (e.g., 6% on real estate income, 6.5% on first $10,000 of other income) and allows trustees to charge "reasonable" compensation based on circumstances. The bill also sets a $50 monthly cap for guardians of disabled individuals receiving Medicaid services, unless a court approves higher fees for unusual circumstances. These changes update existing Maryland law (amending sections 13-218, 14.5-708, and others) to standardize payment structures for estate and trust administrators.