Virginia § 64.2-602 Payment or delivery of small asset valued at $35,000 or less without affidavit

Virginia Statutes

§ 64.2-602 — Payment or delivery of small asset valued at $35,000 or less without affidavit

Virginia § 64.2-602

JurisdictionVirginia

Title 64.2Wills, Trusts, and Fiduciaries

Subtitle IIWills and Decedents' Estates

Ch. 6Transfers Without Qualification

Art. 1Virginia Small Estate Act

This text of Virginia § 64.2-602 (Payment or delivery of small asset valued at $35,000 or less without affidavit) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 64.2-602 (2026).

Text

A.Notwithstanding the provisions of § 64.2-601, any person having possession of a small asset valued at $35,000 or less may pay or deliver the small asset to any successor provided that:

1.At least 60 days have elapsed since the decedent's death; and

2.No application for the appointment of a personal representative is pending or has been granted in any jurisdiction.

B.The designated successor shall have a fiduciary duty to safeguard and promptly pay or deliver the small asset as required by the laws of the Commonwealth to the other successors, if any.

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A. Notwithstanding the provisions of § 64.2-601, any person having possession of a small asset valued at $35,000 or less may pay or deliver the small asset to any successor provided that:

1. At least 60 days have elapsed since the decedent's death; and

2. No application for the appointment of a personal representative is pending or has been granted in any jurisdiction.

B. The designated successor shall have a fiduciary duty to safeguard and promptly pay or deliver the small asset as required by the laws of the Commonwealth to the other successors, if any.