Wills and Decedents' Estates

Passed

P HB1115

Persons presumed dead. Clarifies existing law and determines the date of death under various presumptions, provides for survivorship matters and beneficiary designations for persons presumed dead, provides for the appointment of a curator when the presumption of death is not applicable, and eliminates surety bond requirements.
Patron - Athey

P HB1303

Virginia Small Estate Act. Modifies the collection of personal property by affidavit provision by increasing from $15,000 to $50,000 the allowable value of the personal probate estate. The effective date will be January 1, 2007.
Patron - Alexander

P SB217

Guardianship and conservatorship; appointment of administrators. States that a tax-exempt charitable organization that has been designated by the Virginia Department for the Aging as a public conservator or guardian may serve in that capacity for other individuals. It further provides that a non-profit charitable organization may serve as an administrator of an estate of an individual if 45 days have elapsed since the decedent's death and no distributee has notified the clerk. Such charitable organization must establish that it made a diligent search for any distributee.
Patron - Quayle

Failed

F SB49

Intestate succession. Increases the amount of the surviving spouse's share from 1/3 to 1/2 where there are surviving descendents which are not the children of the surviving spouse.
Patron - Miller

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