Guam § 2603 - Time for Filing Inventory and Appraisement; Contents.

§ 2603. Time for Filing Inventory and Appraisement; Contents.

Within three (3) months after his appointment, or within such

further time as the Superior Court of Guam for reasonable cause may

allow, the personal representative must file with the Clerk of the Superior

Court of Guam an inventory and appraisement of the estate of the

decedent which has come to the personal representative's possession or

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knowledge. The inventory must include the homestead, if any, and all the

estate of the decedent, real and personal, particularly specifying all debts,

bonds, mortgages, deeds of trust, notes, and other securities for the pay-

ment of money belonging to the decedent, with the name of each debtor,

the date, the sum originally payable, the endorsements thereon, if any,

with their dates, and a statement of the interest of the decedent in any

partnership of which the decedent was a member, to be appraised as

single item. It must include an account of all moneys belonging to the

decedent. If the whole estate consists of money in the hands of the

personal representative, there need not be an appraisement, but an

inventory must be made and returned as in other cases. The Superior

Court of Guam may in its discretion waive the requirements of this

Section where it appears that none of the heirs, devisees, legatees, or

creditors will be prejudiced by such waiver.