Definitions. — Guam Code § 3372

§ 3372. Definitions.

As used in this Chapter:

(a) “Beneficiary” means a person who receives property under a transfer on death deed.

(b) “Contingent Beneficiary” means a person designated in a transfer on death deed to receive

property if the primary beneficiary does not survive the transferor.

(c) “Designated beneficiary” means a person designated in a transfer on death deed to receive

property.

(d) “Joint owner” means an individual who owns property concurrently with one or more

individuals with a right of survivorship. The term includes a joint tenant and a tenant by the entirety

but does not include a tenant in common.

(e) “Person” means an individual, corporation, business trust, estate, trust, partnership, limited

liability company, association, joint venture, public corporation, government or governmental

subdivision, agency, or instrumentality, or any other legal or commercial entity.

(f) “Property” means an interest in real property located on Guam that is transferable on the death

of the owner.

(g) “Subject property” means real property or an interest in real property that is subject to a

transfer on death deed.

(h) “Transfer on death deed” means a deed authorized under this chapter.

(i) “Transferor” means an individual who executes a transfer on death deed.

2025 NOTE: As enacted, this provision was untitled; the Compiler added the title “Definitions.”