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Terms Used In 15 Guam Code Ann. § 757

  • 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
  • Probate: Proving a will
A disclaimer, when effective, shall be binding upon the beneficiary and all person claiming by, through or under him. A person who, under this Article, could file a disclaimer, may instead file a written waiver of a right to disclaim and such waiver, when filed, shall be binding upon the beneficiary and all persons claiming by, through or under him.

SOURCE: California Probate Code, § 190.5.