15 Guam Code Ann. § 3345
Terms Used In 15 Guam Code Ann. § 3345
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
- Decedent: A deceased person.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Probate: Proving a will
- 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.
3343 of this Title may be filed with the Clerk of the Superior Court by the trustee or by a beneficiary of a trust. The petition shall be verified and shall state:
(a) The names, ages and places of residence of
(1) the trustee administering the trust in the territory of
Guam,
(2) the trustee, including any domiciliary trustee, in the other jurisdiction to whom administration of the trust or such assets will be transferred, and
(3) all persons who are interested in the trust as beneficiaries, so far as known to petitioner;
(b) Whether the trustee in the other jurisdiction has agreed to accept the trust. If so, the acceptance or a true copy thereof shall be attached as an exhibit to the petition, or otherwise filed with the Clerk of the Superior Court;
(c) A statement of the character, condition, location and value of the property comprising the assets sought to be transferred;
(d) A general statement of the qualifications of the trustee who will administer the trust in the other jurisdiction; the amount of bond, if any; the nature and value of the assets of any trust of the decedent or trustor under his administration in the other jurisdiction; and the name of the court, if any, having jurisdiction of such trustee
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15 Guam Code Ann. ESTATES AND PROBATE
CH. 33 ADMINISTRATION OF TRUSTS
or of such trustee’s accounts or in which a proceeding may be had, with respect to administration of the trust or the trustee’s accounts;
(e) Whether there is any pending civil action in the territory of Guam against the trustee administering the trust in the territory of Guam; and
(f) A statement of the reasons for the transfer.
SOURCE: California Probate Code, § 1139.2.