Kentucky Affidavit by Guardian of Person and Estate of Ward Relating to Granting An Oil, Gas, and Mineral Lease

State:
Multi-State
Control #:
US-OG-173
Format:
Word; 
Rich Text
Instant download

Description

An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). This form is used by a Guardian stating the intent to execute an oil and gas lease on behalf of the ward.
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FAQ

Full Guardian/Full Conservator ?responsible for both the personal and financial affairs of the client. Personal Guardian -responsible for only personal affairs of the client. Conservator ? A conservator may be appointed if the disabled person only needs help with managing financial or fiduciary affairs.

Guardianship versus parental rights Parental rights usually include the option to spend time with the child, as well as the authority to make major decisions and sign contracts for the child. Having a guardian does not generally change this. After a guardian is appointed, the parent may continue to have custody.

(5) The child shall remain in temporary custody with the cabinet for a period of time not to exceed forty-five (45) days from the date of the removal from his home.

The guardian has to talk to the ward and follow their wishes as much as possible. The guardian has to act in the ward's best interest. What are the powers of the conservator? The conservator protects and manages the ward's property and financial affairs.

Compensation payable to guardians or conservators shall not exceed five percent (5%) of the income of the ward during any year, but in no event shall the amount of such compensation be less than fifty dollars ($50) for each year.

Guardianship Salary in Kentucky. $93,400 is the 25th percentile. Salaries below this are outliers. $165,000 is the 75th percentile.

In Kentucky, guardianship is a legal relationship between a court-appointed adult who assumes the role of guardian for a ward. A ward is a person who has been declared legally disabled by the court and is no longer able to care for his or her personal and/or financial needs.

A2: A guardian is a person or institution appointed by a judge to take care of and be legally accountable for a person who cannot take care of himself or herself. The person that the guardian is responsible for is called the ward. Wards are either minor children or incapacitated persons.

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Kentucky Affidavit by Guardian of Person and Estate of Ward Relating to Granting An Oil, Gas, and Mineral Lease