A registering entity shall provide to an owner requesting registration of a security in beneficiary form a written statement describing the legal effects of the registration not later than the date on which the owner registers the security. The statement shall be printed in all capital twelve (12) point boldfaced type, and shall be signed by the registering owner at

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15 Guam Code Ann. ESTATES AND PROBATE
CH. 8 SUCCESSION & SECURITIES TRANSFER

the time of registration. The following statement will suffice if signed by the registering owner:

‘IMPORTANT NOTICE REGARDING YOUR RIGHTS

‘ON PROOF OF DEATH, YOUR SECURITY IN BENEFI- CIARY FORM WILL BE TRANSFERRED TO YOUR NAMED BENEFICIARY, OR BENEFICIARIES, WITHOUT BEING PART OF YOUR ESTATE UNDER YOUR WILL OR BY INTESTACY. YOU SHOULD MAKE SURE BEFORE YOU REGISTER YOUR SECURITY IN BENEFICIARY FORM THAT THE REGISTRATION DOES NOT CONFLICT WITH ANY OTHER PROVISION IN A DOCUMENT THAT YOU HAVE AUTHORIZED AND SIGNED, INCLUDING A WILL OR TRUST AGREEMENT. IF YOU HAVE ANY DOUBT ABOUT WHETHER A CONFLICT EXISTS, YOU SHOULD ALSO NOTE THAT REGISTERING YOUR SECURITY IN BENEFICIARY FORM MAY NOT AFFECT A CREDITOR’S CLAIM AGAINST YOUR ESTATE OR AFFECT THE ESTATE OR INHERITANCE TAX LIABILITY OF YOUR ESTATE OR OF YOUR BENEFICIARY OF BENEFICIARIES.’

‘I HAVE READ THE ABOVE NOTICE AND UNDERSTAND ITS CONTENTS.

(signature of registering owner)’

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