15 Guam Code Ann. § 3367
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Terms Used In 15 Guam Code Ann. § 3367
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Probate: Proving a will
- Trustee: A person or institution holding and administering property in trust.
When appropriate to facilitate transfer of the trust assets or the place of administration of a trust to the territory of Guam, the Superior Court may issue a conditional order appointing a trustee to administer the trust in the territory of Guam and indicating that the transfer to the territory of Guam will be accepted if the transfer is approved by the proper court of the other jurisdiction.
SOURCE: California Probate Code, § 1139.17.