fore any sale of the real property of an estate is confirmed, the Superior Court of Guam may require the personal representative to provide further security for the faithful performance of his trust in light of the increased value of the personal property of the estate, treating the expected proceeds of the sale as personal property.

SOURCE: Probate Code of Guam (1970), § 542; Guam Law Revision
Commission.

§ 2031. Reduction of Security Upon Petition of Personal
Representative.

COL10312014
15 Guam Code Ann. ESTATES AND PROBATE
CH. 20 OATH, FORM OF LETTERS, AND SECURITY FOR
FAITHFUL PERFORMANCE OF PERSONAL REPRESENTATIVE

If a personal representative desires a reduction in the amount of security provided for the faithful performance of his trust, or an alteration in the form, terms or conditions thereof, he may apply to the Superior Court of Guam for such relief by filing therein a verified petition setting forth the condition of the estate. Such petition shall be set for hearing by the Clerk of the Superior Court of Guam and notice given in the manner provided in Section 3401 of this Title. Upon the hearing of such petition, and upon proof that due notice of the hearing has been given, the Superior Court of Guam may reduce the amount of security required for the faithful performance of the personal representative’s trust to any amount or sum which in the discretion of the Superior Court of Guam may seem proper under the circumstances, or it may in its discretion alter the form, terms or conditions of such security in any manner which may seem proper in the circumstances.

SOURCE: California Probate Code, § 553.3 (as amended); Guam Law Revision
Commission.