15 Guam Code Ann. § 3337
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Terms Used In 15 Guam Code Ann. § 3337
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Probate: Proving a will
- Trustee: A person or institution holding and administering property in trust.
- Trustor: The person who makes or creates a trust. Also known as the grantor or settlor.
When a trustee who has been appointed by will or appointed by the Superior Court to execute a trust created by will is appointed by another will or appointed by the Superior Court to execute a trust created by another will, and the provisions and terms of the decree establishing each trust are substantially identical, the Superior Court may upon the petition of the trustee and without notice order the trustee to combine the assets and administer them as a single trust, if the Superior Court determines that administration as a single trust will
(a) be consistent with the intent of the trustor, and
(b) facilitate administration of the trust without defeating or impairing the interests of the beneficiaries.
SOURCE: California Probate Code, § 1133.