Guam Code > Title 15 > Chapter 10 – Succession to Community Property
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Guam Code > Title 15 > Chapter 10 - Succession to Community Property
- Bequest: Property gifted by will.
- Decedent: A deceased person.
- Devise: To gift property by will.
- Grantor: The person who establishes a trust and places property into it.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Intestate: Dying without leaving a will.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Probate: Proving a will
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Testate: To die leaving a will.
- Trustee: A person or institution holding and administering property in trust.