Small Estate Act; revises by repealing related provisions in Code. (HB346)

Introduced By

Del. Vivian Watts (D-Annandale)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Small Estate Act; revision.  Revises the Small Estate Act by repealing related provisions in the Title 6.1 (Banking and Finance), Title 51.1 (Pensions, Benefits, and Retirement), and Title 64.1 (Wills and Decedents' Estates) and consolidating them in the Act. The bill also allows that a person holding a small asset belonging to a decedent may pay or deliver the asset to a designated successor if he presents an affidavit on behalf of the other known successors if the value of the asset does not exceed $50,000 and other conditions are met. The person holding the asset may pay or deliver it without being presented with an affidavit if the value of the asset does not exceed $15,000. A designated successor who received an asset has a fiduciary duty to other successors to safeguard the asset and pay or deliver it to other successors as required by law. The bill also provides that a person holding a small asset may pay or deliver up to $3,500 of the asset for the handling of the funeral of the decedent. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2010Prefiled and ordered printed; offered 01/13/10 10103443D
01/12/2010Referred to Committee for Courts of Justice
01/15/2010Assigned Courts sub: Civil
01/20/2010Subcommittee recommends reporting with amendment(s) (9-Y 1-N)
01/27/2010Reported from Courts of Justice with amendment (22-Y 0-N) (see vote tally)
01/29/2010Read first time
02/01/2010Read second time
02/01/2010Committee amendment agreed to
02/01/2010Engrossed by House as amended HB346E
02/01/2010Printed as engrossed 10103443D-E
02/02/2010Read third time and passed House BLOCK VOTE (97-Y 0-N)
02/02/2010VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
02/03/2010Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/03/2010Constitutional reading dispensed
02/03/2010Referred to Committee for Courts of Justice
02/17/2010Assigned Courts sub: Civil
03/01/2010Reported from Courts of Justice (14-Y 0-N) (see vote tally)
03/02/2010Constitutional reading dispensed (40-Y 0-N) (see vote tally)
03/03/2010Read third time
03/03/2010Passed Senate (40-Y 0-N) (see vote tally)
03/10/2010Enrolled
03/10/2010Bill text as passed House and Senate (HB346ER)
03/11/2010Signed by Speaker
03/13/2010Signed by President
04/08/2010G Approved by Governor-Chapter 269 (effective 7/1/10)
04/08/2010G Acts of Assembly Chapter text (CHAP0269)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 25 seconds.