Guam § 747 - Definitions.

§ 747. Definitions.

As used in this Article, unless otherwise clearly required by the

context:

(a) Beneficiary means and includes any person entitled, but for

his disclaimer, to take an interest

(1) by intestate succession,

(2) by devise,

(3) by legacy or bequest,

(4) by succession to a disclaimed interest,

(5) by virtue of an election to take against a will,

(6) as beneficiary of a testamentary trust,

(7) pursuant to the exercise or nonexercise of a power of

appointment,

(8) as donee of any power of appointment, or

(9) as beneficiary of an inter vivos gift, whether outright

or in trust;

(b) Interest means and includes the whole of any property, real

or personal, legal or equitable, or any fractional part, share or

particular portion or specific assets thereof, or any estate in any such

property, or power to appoint, consume, apply or expend property,

or any other right, power, privilege or immunity relating thereto;

(c) Disclaimer means a written instrument which declines,

refuses, renounces or disclaims any interest which would otherwise

be succeeded to by a beneficiary;

(d) Disclaimant means a person who executes a disclaimer on

his own behalf or on behalf of another.