Guam § 50212 - Costs Allowed Assignee.

§ 50212. Costs Allowed Assignee.

Assignees shall be allowed all necessary expenses in the care,

management, and settlement of the estate, and shall be entitled to charge

and receive for their services commissions upon all sums of money coming

to their hands and accounted for by them, as follows: For the first one

thousand dollars ($1,000.00), at the rate of seven percent (7%); for all above

that sum and not exceeding ten thousand dollars ($10,000.00), at the rate of

five percent (5%); and for all above that sum, at the rate of four percent

(4%); provided, however, that if the person acting as assignee was receiver

of the property of the estate pending the election of an assignee, any

compensation allowed him as such receiver shall be deducted from the

compensation to which he otherwise would be entitled as such assignee; and

provided further, that if there should be two or more assignees the court

shall order an equitable division of the compensation herein provided, and if

for any reason an assignee's term is completed before the final settlement of

the estate and a successor is appointed, the court shall not allow to any such

assignee prior to the settlement of the estate an amount exceeding four

percent (4%) of the sums of money coming into his hands. Upon the final

settlement of the estate an equitable distribution of the compensation of the

assignee shall be made.