Guam § 647 - Unpaid Legacies to Bear Interest; Commencement of

§ 647. Unpaid Legacies to Bear Interest; Commencement of

Annuities; Unpaid Accumulations to Bear Interest.

General pecuniary legacies, including general pecuniary legacies in

trust, if not paid prior to the first anniversary of the testator's death, bear

annual interest thereafter at the rate prescribed by law for interest on civil

judgments. Annuities commence at the testator's death and are due at the

end of the annual, monthly or other specified period. Whenever an

annuitant, legatee of a legacy for maintenance or beneficiary of a trust

may be entitled to periodic payments or trust income commencing at the

testator's death, he shall be entitled to annual interest, at the rate pre-

scribed by law for interest on civil judgments, on the amount of any

unpaid accumulations of such payments or income held by the personal

representative on each anniversary of the testator's death, computed from

the date of such anniversary.