Guam § 66402 - Compensation of Trustee.

Full text of Guam Guam Code Annotated § 66402 — Compensation of Trustee., with citation guidance and answers to common questions.

§ 66402. Compensation of Trustee.

Except as provided in 15 GCA '3313, when a declaration of trust is

silent upon the subject of compensation the trustee is entitled to the same

compensation as an executor. If it specifies the amount of his compensation,

he is entitled to the amount thus specified and no more. If it directs that he

shall be allowed a compensation, but does not specify the rate or amount, he

is entitled to such compensation as may be reasonable under the cir-

cumstances. If there are two (2) or more trustees the compensation shall be

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apportioned among the trustees according to the services rendered by them

respectively.

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Frequently Asked Questions About Guam § 66402

What does Guam Code Annotated § 66402 cover?

Section 66402 ("Compensation of Trustee.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Guam § 66402?

A common citation format is "Guam Code Annotated § 66402" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Guam law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.

How does Guam § 66402 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Guam.