Guam § 3381 - Effect of Transfer on Death During Transferor’s Life.

§ 3381. Effect of Transfer on Death During Transferor’s Life.

During a transferor’s life, a transfer on death shall not:

(a) Affect an interest or right in the subject property of the transferor or any other owner, including

the right to transfer or encumber the subject property;

(b) Affect an interest or right in the subject property of a transferee, regardless of whether the

transferee has actual or constructive notice of the deed;

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(c) Affect an interest or right in the subject property of a secured or unsecured creditor or future

creditor of the transferor regardless of whether the creditor has actual or constructive notice of the

deed;

(d) Affect the transferor’s or designated beneficiary’s eligibility for any form of public assistance;

(e) Create a legal or equitable interest in the subject property in favor of the designated

beneficiary; or

(f) Subject the subject property to claims or process of a creditor of the designated beneficiary.