Guam Code > Title 15 > Chapter 1 – Who May Make and Take By a Will
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Guam Code > Title 15 > Chapter 1 - Who May Make and Take By a Will
- Codicil: An addition, change, or supplement to a will executed with the same formalities required for the will itself.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Decedent: A deceased person.
- Devise: To gift property by will.
- Fraud: Intentional deception resulting in injury to another.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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.
- Legacy: A gift of property made by will.
- Probate: Proving a will
- Testator: A male person who leaves a will at death.