Wills, trusts, and fiduciaries; increasing various allowances and other threshold amounts. (SB346)

Introduced By

Sen. John Edwards (D-Roanoke)

Progress

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

Description

Increasing various allowances and other amounts related to wills, trusts, and fiduciaries. Increases the amounts of various allowances, threshold amounts, and other dollar-based provisions in Title 64.2 (Wills, Trusts, and Fiduciaries) to account for the effect of inflation. The bill also provides that a commissioner of accounts has the same authority to determine the amounts, recipients, and proportions of any gifts made from the estate of an incapacitated person for whom a conservator has been appointed, provided that the total gifts authorized shall not exceed $25,000 in a calendar year and the commissioner shall report to the circuit court his determination as to such gifts. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/07/2014Prefiled and ordered printed; offered 01/08/14 14101705D
01/07/2014Referred to Committee for Courts of Justice
02/05/2014Reported from Courts of Justice (14-Y 0-N) (see vote tally)
02/07/2014Constitutional reading dispensed (40-Y 0-N)
02/10/2014Read second time and engrossed
02/10/2014Constitutional reading dispensed (39-Y 0-N 1-A)
02/10/2014Passed Senate (40-Y 0-N)
02/12/2014Placed on Calendar
02/12/2014Read first time
02/12/2014Referred to Committee for Courts of Justice
02/14/2014Assigned Courts sub: Civil Law
02/17/2014Subcommittee recommends reporting (10-Y 0-N)
02/21/2014Reported from Courts of Justice (21-Y 0-N) (see vote tally)
02/25/2014Read second time
02/26/2014Read third time
02/26/2014Passed House BLOCK VOTE (100-Y 0-N)
02/26/2014VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/28/2014Enrolled
02/28/2014Bill text as passed Senate and House (SB346ER)
03/03/2014Signed by Speaker
03/03/2014Signed by President
04/03/2014G Approved by Governor-Chapter 532 (effective 7/1/14)
04/03/2014G Acts of Assembly Chapter text (CHAP0532)

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 35 seconds.