Estate of Ignacio Chaco Reyes

Superior Court of Guam·Decided February 8, 2022·No. PR0032-88·Unknown

Opinion

FiLED

SUPERIOR COurT

OF GUAM

2022FE8—8 PH 2:02

CLERK OF COURT

IN THE SUPERIOR COURT OF GUAM BY:.

IN THE MATTER Of THE ESTATE Superior Court Case No. PR0032-88

Of

DECISION AND ORDER RE PETITION IGNACIO CHACO REYES. FOR SALE OF ESTATE PROPERTY Deceased.

The Court here considers the Petition by the Administrator Anthony B. Reyes to sell the sole asset of the Estate of Ignacio C. Reyes. Having heard from the Administrator and giving all heirs an opportunity to provide written and oral arguments on their positions, the Court finds that the sale of the estate property is both necessary and to the estate’s advantage, benefit, and best interests. The Court therefore GRANTS the petition.

I. PROCEDURAL BACKGROUND Ignacio passed away in 1970. In 1988, Ignacio’s daughter, Jennifer, sought an appointment to serve as the administrator of his estate. Pet. Letters Admin. (Mar. 2, 1988). At the time, then-Attorney Joaquin V.E. Manibusan, Jr. represented Jennifer as the proposed administrator. Jennifer noted that a spouse and nine (of ten) children stirvived Ignacio. Pet. Letters Admin. After furnishing proof of service upon all heirs, and there being no objection to her appointment, the Court granted Jennifer’s petition. Receipt for Certified Mail (Mar. 14, 1988); Renunciation of Appointment, Nomination and Consent (Mar. 2, 1988); Order Appointing Adm’x (Apr. 4, 1988).

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Jennifer proceeded to publish a notice to creditors. Not. Creditors (May 4, 1988); Aff.

Posting (July 5, 1989); Aff. Publication (June 22, 1989). This matter then sat without any activity for thirty years.

In August 2019, Ignacio’s son, Anthony, petitioned to be appointed as the administrator.

He had representation by pro bono counsel, Attorney Theresa Rojas. Anthony served notice of his petition on all heirs as well as published and posted the notice of his petition and the hearing. Decl. Mailing (Sep. 23, 2019); DecI. Posting (Sept. 23, 2019); Deci. Publication (Sept. 23, 2019). His counsel also furnished a verified resignation signed by Jennifer. Resignation of Adm’x (Oct. 14, 2019). There being no objections to Anthony’s petition, and the Court finding that he qualified to serve as Administrator, the Court granted his petition. Order Appointing Adm’r (Nov. 21, 2019).

Anthony then filed an Inventory and Appraisement which indicated one estate asset: Lot 198-NEW-i, Municipality of Agat, Guam, as a Single Family Residence containing a land area of 5,580 square meters, and building area of 800 square feet. Anthony further produced a Guam Department of Revenue and Taxation Certification of Real Property Value indicating a land value of $129,020.00 and a building value of $10,920.00. Inventory and Appraisement (July 15, 2020).

In his first report, Anthony asked to distribute the lot to himself. first and Final Account and Rep. Adm’r and Pet. Final Distribution (Nov. 9, 2020). However, shortly thereafter, he asked to sell the estate property. Pet. Sell Estate Prop. (Jan. 11,2021). Anthony noted several issues with the property, on which he resided from 1976 to 2003: the building lacks a roof, is not habitable, sits on wetlands, and cannot reasonably and usefully be divided among ten heirs and groups of heirs. Pet. Sell Estate Prop. ¶ 3.

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At the January 27, 2021 hearing on the petition to sell the property, other heirs appeared and voiced their preferences to explore options other than selling the property, such as leasing it. Minute Entry (Jan. 27, 2021). After hearing from Anthony and all appearing heirs, the Court partially granted the petition in that it allowed the retention of a real estate broker to list the property and examine the option of leasing the property. See Order After Hearing (Feb. 11, 2021).

Anthony obtained and filed a report from Eileen Agahan, a licensed real estate agent.

Cover Sheet for Submission of Doc. (Mar. 23, 2021). Agahan opined on whether the property could be successfully leased for an extended period. Her research revealed that within the prior year, there were no active land listings in Agat and no record of leases of land in Guam. She did find a pending lease for a three-acre-sized property in the Marbo Cave area of Mangilao at the rate of $1,250.00 per month. She also researched land sales within the prior year and found five Agat properties that sold and fourteen Agat properties still on the market. Based on her review, Agahan recommended that the Estate’s property be sold rather than leased. She also commented that investors prefer to buy rather than lease. In addition, Agahan reported that the estate received a cash offer a few weeks after it listed the property for sale.

At a Status Hearing on May 26, 2021, Rojas confirmed that the Estate received an offer and that the Administrator wished to proceed with the sale. However, some of the heirs continued to express their objections on grounds that they did not consent to the Estate’s administration. The Court instructed that if there was a particular offer for the Court’s consideration, Rojas must file it with the Court and give notice as well as an opportunity for objections to be filed.’

This offer has not been presented to the Court for approval.

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Anthony then obtained and filed an appraisal. Cover Sheet for Submission of Doc.:

Appraisal Rep. (Sep. 10, 2021). The appraiser estimated the property’s value at $275,000.00, but potentially significantly more with site development.

Anthony also retained new counsel, Attorney Georgette Concepcion with Brooks Concepcion Law, P.C. Substitution of Counsel (Sep. 22, 2021).

Following the submission of the appraisal, the Court invited all heirs to submit written statements and appear at a hearing on the petition to sell the property. The Court held the hearing on January 14, 2022,2 and heard from the Administrator and the appearing heirs. See Adm’r’s Position Statement (Nov. 3, 2021); Dccl. Clare C. Leon Guerrero re Affs. Received Via Email (Nov. 8,2021); Dccl. Clare C. Leon Guerrero reAff. Iva Brown (Nov. 19, 2021); Dccl. Clare C. Leon Guerrero re Aff. Lydia Reyes-Wright (Nov. 19, 2021): Adm’r’s Supp. Position Statement (Dec. 1, 2021); Minute Entry (Dec. 14, 2021); Minute Entry (Jan. 14,2022). Some heirs supported the sale; others contintied to object.

Those supporting the sale indicated that the property cannot be divided among the many heirs, some of whom have never visited or lived on Guam; that it is questionable about who can continue to maintain the land and pay the taxes; and that they wished to place this issue to rest. Moreover, the Administrator asserted that the sale was necessary in order to pay the Estate’s legal fees and the costs of the administration.

The heirs objecting to the sale cite several bases. First, they believe that the property could generate more money in the future based on a proposed hotel development down the street and the property’s proximity to Naval Base Guam during this time of military buildup. As an example, they point to offers of between $7 and 10 million received by the family in the 1990s.

2 The Court originIly noticed the hearing for December 14, 2021. However, because only two heirs (including the Administrator) appeared, the Court determined that notice may not have been successfully completed. The Court ordered the Administrator to re-serve notice of the next hearing. At least nine heirs appeared at the next hearing on January 14, 2022.

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