Code of Virginia - Title 64.1 Wills And Decedents' Estates - Section 64.1-63.1 When advancement deemed satisfaction of devise or bequest

§ 64.1-63.1. When advancement deemed satisfaction of devise or bequest

Property which a testator gave during his lifetime to a person shall not be treated as a satisfaction of a devise or bequest to that person, in whole or in part, unless (i) the will provides for deduction of the lifetime gift, (ii) the testator declares in a contemporaneous writing that the gift is to be deducted from the devise or bequest or is in satisfaction thereof, or (iii) the devisee or legatee acknowledges in writing that the gift is in satisfaction.

(Code 1950, §§ 64-63, 64.1-63; 1968, c. 656; 1985, c. 432.)

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Last modified: April 16, 2009