§ 3101 Enumeration of Estates
§ 3102 Estate in Fee Simple
§ 3103 Conditional Fees, Estates Tail Abolished
§ 3104 Certain Remainders Valid
§ 3105 Freeholds, Chattels Real, Chattel Interests
§ 3106 Estates, Life, Third Person, Freehold
§ 3107 Future Estates
§ 3108 Reversions
§ 3109 Remainders
§ 3110 Suspended Ownership
§ 3111 Suspension by Trust
§ 3112 Contingent Remainder in Fee
§ 3113 Remainders, Future and Contingent Estates
§ 3114 Life Estates, Limitations
§ 3115 Remainders, Generally
§ 3116 Contingent Remainders, Generally
§ 3117 Remainder of Estates for Life
§ 3118 Remainder Upon a Contingency
§ 3119 Life Tenant Heirs, Purchasers
§ 3120 Construction, Certain Remainders
§ 3121 Effect, Power of Appointment
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Terms Used In Guam Code > Title 21 > Chapter 3 - Estates in General

  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Dependent: A person dependent for support upon another.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Grantor: The person who establishes a trust and places property into it.
  • Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Testator: A male person who leaves a will at death.