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Terms Used In 18 Guam Code Ann. § 65204

  • 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.
A trustee may not use the influence which his position gives him to obtain any advantage from his beneficiary.

SOURCE: CC § 2231.

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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 65 TRUSTS IN GENERAL