§ 65102 Voluntary Trust
§ 65104 Parties to Contract
§ 65105 Trustee Defined
§ 65106 What Purposes Created
§ 65107 Voluntary Trust, how Created as to Trustor
§ 65108 How Created as to Trustee
§ 65109 Involuntary Trustee
§ 65110 Involuntary Trust from Fraud, Mistake, etc
§ 65201 Obligation to Good Faith
§ 65202 Not to use for own Profit
§ 65203 Certain Transactions Forbidden
§ 65204 Trustee\’s Influence, not to be Used for His Advantage
§ 65205 Adverse Interests not Allowed
§ 65206 Same, Disclosed
§ 65207 When Guilty of Fraud
§ 65208 Presumption Against Trustees
§ 65209 Mingling Trust Property Prohibited
§ 65210 Liability for Breach
§ 65211 Limitation on Liability
§ 65212 Co-trustees; Individually Liable
§ 65301 Involuntary Trustees
§ 65302 Third persons, Trust Property
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Terms Used In Guam Code > Title 18 > Chapter 65 - Trusts in General

  • 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
  • Contract: A legal written agreement that becomes binding when signed.
  • Fraud: Intentional deception resulting in injury to another.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Personal property: All property that is not real property.
  • Trustee: A person or institution holding and administering property in trust.
  • Trustor: The person who makes or creates a trust. Also known as the grantor or settlor.