Code of Virginia - Title 26 Fiduciaries Generally - Section 26-12.3 Waiver of inventory and settlement for certain estates

§ 26-12.3. Waiver of inventory and settlement for certain estates

When a decedent's personal estate passing by testate or intestate succession does not exceed $15,000 in value and an heir, beneficiary or creditor whose claim exceeds the value of such estate seeks qualification, the clerk shall waive inventory under § 26-12 and settlement under § 26-17.3. This section shall not apply if the decedent died owning any real estate over which the person seeking qualification would have the power of sale.

(1980, c. 563; 1987, c. 605; 1989, c. 387; 1998, c. 117; 2001, c. 598; 2002, cc. 220, 227.)

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Last modified: April 16, 2009