§ 2001 Oath: Taking and Subscribing; Endorsement Upon Letters; Filing
§ 2003 Form of Letters: Signing and Sealing
§ 2005 Letters Testamentary: General Form
§ 2007 Letters of Administration With the Will Annexed: General\r\nForm
§ 2011 General Requirement of Security for Faithful Performance; Alteration in Security During Pendency of Administration; Security Not Required of Executor If Waived By Will
§ 2013 Security May Be Provided By Bond; Requisites of Bond; Nature of Liability on Bond; Extent of Bond
§ 2015 Security May Be Provided By Deposit of Property
§ 2017 Security May Be Provided By Cash Bond, Assigned Interest In Bank or Savings and Loan Account or Posting of Bearer or Endorsed Bonds
§ 2019 Security May Be Provided By Payment of Estate Income Into\r\nCourt
§ 2021 Security May Be Provided By Deposit of Tangible Personal\r\nProperty Into Safety Deposit Box
§ 2023 Security May Be Provided By Insurance
§ 2029 Further Security May Be Required On Sale of Real Property
§ 2033 Forms of Security Provided in Subchapter Not Exclusive
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Terms Used In Guam Code > Title 15 > Chapter 20 - Oaths, Form of Letters, and Security for Faithful Performance of Personal Representative

  • 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
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Executor: A male person named in a will to carry out the decedent
  • Oath: A promise to tell the truth.
  • Personal property: All property that is not real property.
  • Probate: Proving a will
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Testator: A male person who leaves a will at death.