15 Guam Code Ann. § 3125
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Terms Used In 15 Guam Code Ann. § 3125
- Decedent: A deceased person.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- Probate: Proving a will
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15 Guam Code Ann. ESTATES AND PROBATE
CH. 31 DISPOSITION OF ESTATES OF SMALL VALUE
For the purposes of this Article, any property or interest therein or lien thereon which, at the time of the decedent‘s death, was held by the decedent as joint tenant, or in which the decedent had a life estate or other estate terminable upon the decedent’s death, shall be excluded in determining the property or estate of the decedent or its value.
SOURCE: California Probate Code, § 647. Amended by P.L. 33-213:11 (Dec. 15,
2016).
COMMENT: See Comment to § 3109, supra.
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