15 Guam Code Ann. § 1305
Terms Used In 15 Guam Code Ann. § 1305
- 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
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Probate: Proving a will
administered upon, distributed, or otherwise dealt with, one-half (2) as if
one joint tenant had survived and one-half (2) as if the other joint tenant
had survived. If there are more than two joint tenants and all of them have so died, the property thus administered upon, distributed, or
otherwise dealt with, shall be in the proportion that one joint tenant bears to the whole number of joint tenants.
SOURCE: California Probate Code, § 296.2.
COMMENT: Section 1305 is similar to the provisions of § 3 of the Uniform
Simultaneous Death Act; see 9A Uniform Laws Annotated.
§ 1307. Proceeds of Insurance Policy in Simultaneous Death
Situation.
Where the insured and the beneficiary in a policy of life or accident insurance have died and there is no sufficient evidence that they have
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15 Guam Code Ann. ESTATES AND PROBATE
CH. 13 SIMULTANEOUS DEATH
died otherwise than simultaneously, the proceeds of such insurance policy shall be distributed as if the insured had survived the beneficiary.
SOURCE: California Probate Code, § 296.3.
COMMENT: Section 1307 is similar to the provisions of § 4 of the Uniform
Simultaneous Death Act; see 9A Uniform Laws Annotated.