15 Guam Code Ann. § 2309
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Terms Used In 15 Guam Code Ann. § 2309
- Devise: To gift property by will.
- Legacy: A gift of property made by will.
- Legatee: A beneficiary of a decedent
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Probate: Proving a will
en property given by a will to persons other than residuary devisees or legatees is sold for the payment of debts, expenses or family allowance, all the devisees and legatees must contribute according to their respective interests to the devisee or legatee whose devise or legacy has been sold for such purpose; and the Superior Court, when distribu-
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15 Guam Code Ann. ESTATES AND PROBATE
CH. 23 PERSONAL REPRESENTATIVE’S DEALINGS WITH ESTATE PROPERTY
tion is made, must settle the amount of the several liabilities and decree the amount that each such person shall contribute, and reserve the same from each such person’s distributive share for the purpose of such contribution.
SOURCE: Probate Code of Guam (1970), § 753.