15 Guam Code Ann. § 743
Terms Used In 15 Guam Code Ann. § 743
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
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15 Guam Code Ann. ESTATES AND PROBATE
CH. 7 TESTAMENTARY ADDITIONS
Until distribution of the property pursuant to an order of distribution is completed, the Superior Court of Guam shall have exclusive jurisdic- tion over all proceedings and matters concerning undistributed property, including, but not limited to, the appointment, declination, resignation, removal, bonding, compensation of, and delivery or transfer of the undistributed property to a custodian. After the distribution of any property is completed, the Superior Court of Guam shall have no further jurisdiction over the property so distributed, and such property shall be held subject to the Guam Uniform Gifts to Minors Act in the same manner as if it had been a lifetime gift.
SOURCE: California Probate Code, § 186.8.