Title 15 — Estates and Probate
51 chapters · 695 sections in this title.
15 GCA § 4201 Purposes of Sale
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If the income of an estate under guardianship is insufficient for the support, maintenance and education of the ward and of such members of his family as he is legally obligated to support and maintain, including his care, treatment and support, if confined in a hospital, or if t…
15 GCA § 4202 Conversion of Property for Purposes of Investment
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When it will benefit a ward to sell any of his real or personal property and to put out the proceeds at interest or invest the same in some productive stock or bonds, or in the improvement or security of any other real property of the ward, his guardian may sell the same for that…
15 GCA § 4203 Terms of Sale
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All sales must be for cash or for part cash and part deferred pay- ments, the credit in no case to exceed three (3) years from the date of sale, and the terms being subject to the approval of the court. When real COL120106 property is sold upon deferred payments, the guardian mus…
15 GCA § 4204 Borrowing Money; Refinancing and Repairing Property
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A guardian may borrow money, with or without giving security, when it will benefit his ward, and in addition to the contingencies mentioned in § 4201 of this Title, may mortgage real or personal property of the ward in order to pay, reduce, extend or renew some lien or mortgage a…
15 GCA § 4205 Sales Governed by Provisions Concerning Administrators
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Sales by guardians may be at public auction or private sale, as the guardian deems best. All proceedings concerning sales by guardians, giving notice of sale, reselling the same property, return of sale and application for confirmation thereof, notice and hearing of such applicat…
15 GCA § 4206 Ward in a Hospital [For Insane]
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When the ward is or has been, during the guardianship, confined in a hospital [for insane] in Guam, notice of the hearing of the return must be given to the Attorney General at least five (5) days before the hearing. SOURCE: Probate Code of Guam (1970), § 1535.
15 GCA § 4207 Application of Proceeds of Sale
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The guardian must apply the proceeds of the sale to the purposes for which it was made, as far as necessary, and put out the residue, if any, at interest, or invest it in the best manner in his power, until needed for the COL120106 support, maintenance or education of the ward or…
15 GCA § 4208 Conveyance to Comply With Contract
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When an incompetent ward is bound by a contract in writing to convey any real property, executed by him while competent or executed by his predecessor in interest, the court may authorize and direct his guardian to convey the property to the person entitled thereto. The proceedin…
15 GCA § 4209 Promissory Notes; Order of Court Required
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Promissory notes for money borrowed, mortgages, leases and agreements for the sale of, or for options to purchase real property worked as mines, may be executed by guardians, with respect to the property of their wards, only upon obtaining an order of court authoriz- ing the same…
15 GCA § 4210 Limitation Period on Sales by Guardians
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No action for the recovery of any property sold by a guardian can be maintained by the ward or any person claiming under him, unless commenced within three (3) years after the termination of the guardianship, or, when a legal disability to sue exists by reason of minority or othe…