15 Guam Code Ann. § 3355
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Terms Used In 15 Guam Code Ann. § 3355
- 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
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15 Guam Code Ann. ESTATES AND PROBATE
CH. 33 ADMINISTRATION OF TRUSTS
This Article applies to any written voluntary express trust or portion thereof, whether created by will or otherwise, administered in another jurisdiction outside of the territory of Guam. This Article shall not be construed to prevent transfer of place of administration of a trust or of trust assets to the territory of Guam from another jurisdiction in any case where judicial approval of the transfer was not required under the law in effect immediately prior to the effective date of this Article.
SOURCE: California Probate Code, § 1139.10.