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 COL120106 CH. 26 INVENTORY AND APPRAISEMENT 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 payment 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.