Tracking Virginia’s General Assembly
since 2007.
HB2002: Bank account balances of deceased persons; increases amount bank may distribute to distributee, etc.
Chief Patron
Del.
Terry Kilgore (R-1)
Terry Kilgore
(R-1)
Gate City, VA
Served: 1994–
Progress
| Introduced | |
| Passed Committee | |
| Passed House | |
| Passed Senate | |
| Signed by Governor | |
| Became Law |
Status
Bill is Dead
Summary
Bank account balances of deceased persons. Increases the amount in a deceased person's bank account that the bank may distribute to the person's spouse or distributee, after 60 days following the person's death, if there has been no qualification on the person's estate, from $15,000 to the amount established as the value of personal probate estates for which certain actions are authorized under the Virginia Small Estate Act, which amount is currently $50,000.
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