15 Guam Code Ann. § 759
Terms Used In 15 Guam Code Ann. § 759
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
- Inter vivos: Transfer of property from one living person to another living person.
- Probate: Proving a will
SOURCE: California Probate Code, § 190.6.
§ 761. Restriction on Making Disclaimer; Acceptance by
Beneficiary; Exception.
A disclaimer may not be made after the beneficiary has accepted the interest to be disclaimed. An acceptance does not preclude a beneficiary from thereafter disclaiming all or part of any interest to which be became entitled because another person disclaimed an interest and of which
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15 Guam Code Ann. ESTATES AND PROBATE
CH. 7 TESTAMENTARY ADDITIONS
interest the beneficiary or person able to disclaim on his behalf had no knowledge. For the purposes of this Article, if a disclaimer has not theretofore been filed, a beneficiary has accepted an interest if he, or someone acting on his behalf,
(a) makes a voluntary assignment or transfer of, or contract to assign or transfer, the interest or part thereof, or
(b) executes a written waiver of the right to disclaim the interest, or
(c) sells or otherwise disposes of the interest or any part thereof pursuant to judicial process.
SOURCE: California Probate Code, § 190.7.
2014 NOTE: Pursuant to the authority granted by 1 Guam Code Ann. § 1606, subsection designations were altered to adhere to the Compiler’s alpha-numeric scheme.
§ 763. Right to Disclaim Not Affected by Spendthrift or Other
Restrictions.
The right to disclaim shall exist irrespective of any limitation imposed on the interest of a beneficiary in the nature of an expressed or implied spendthrift provision or similar restriction.
SOURCE: California Probate Code, § 190.8.