18 Guam Code Ann. § 65108
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Terms Used In 18 Guam Code Ann. § 65108
- 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
- Trustee: A person or institution holding and administering property in trust.
bject to the provisions of 21 Guam Code Ann. ‘13101, a voluntary trust is created, as to the trustee, by any words or acts of his indicating, with reasonable certainty:
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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 65 TRUSTS IN GENERAL
1. His acceptance of the trust, or his acknowledgment, made upon sufficient consideration, of its existence; and,
2. The subject, purpose, and beneficiary of the trust.
SOURCE: CC § 2222.