15 Guam Code Ann. § 715
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Terms Used In 15 Guam Code Ann. § 715
- 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
- Probate: Proving a will
- Trustee: A person or institution holding and administering property in trust.
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15 Guam Code Ann. ESTATES AND PROBATE
CH. 7 TESTAMENTARY ADDITIONS
Except as otherwise provided in the designator’s will, the rights and benefits and their proceeds transferred to the trustee shall not be subject to the debts of the designator to any greater extent than if they were paid or transferred to a named beneficiary, payee, or owner other than the estate of the designator.
SOURCE: California Probate Code, § 178.