§ 2601 Definition of Personal Representative
§ 2603 Time for Filing Inventory and Appraisement; Contents
§ 2605 Community and Separate Property
§ 2607 Testator\’s Claims Against Executor
§ 2609 Testator\’s Claims Against Executor; Bequest to Executor; Nature and Effect
§ 2611 Oath
§ 2615 Competency to Act as Appraiser
§ 2617 Form of Inventory and Appraisement; Signatures; Oaths
§ 2619 Compensation of Appraiser
§ 2621 Failure to File Inventory; Revocation of Letters; Liability of\r\nPersonal Representative
§ 2623 Inventory and Appraisement of Newly Discovered Property
§ 2625 Penalty for Embezzlement of Decedent\’s Property
§ 2627 Procedure Against Embezzler of Decedent\’s Property
§ 2631 Examination of Person Entrusted With Part of Estate
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Terms Used In Guam Code > Title 15 > Chapter 26 - Inventory and Appraisement

  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bequest: Property gifted by will.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executor: A male person named in a will to carry out the decedent
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Interrogatories: Written questions asked by one party of an opposing party, who must answer them in writing under oath; a discovery device in a lawsuit.
  • Oath: A promise to tell the truth.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Probate: Proving a will
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Testator: A male person who leaves a will at death.