Augmented estate; elective share of surviving spouse. (HB231)
Introduced By
Del. Jay Leftwich (R-Chesapeake)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Augmented estate; elective share of surviving spouse. Revises provisions of the Code related to the elective share of the surviving spouse of a decedent dying on or after July 1, 2017 to track revisions made to the Uniform Probate Code by the Uniform Law Commission. The bill calculates the elective share of the surviving spouse as a graduated percentage, taking into account both spouses' assets and the length of marriage. Under current law, the surviving spouse is awarded 50% of the estate if there were no children and 33.3% if there were children. The bill also clarifies the process by which the elective share is to be claimed and provides instructions for the valuation of assets to encourage uniformity in the method of calculation of the elective share. Read the Bill »
Outcome
History
Date | Action |
---|---|
12/29/2015 | Committee |
12/29/2015 | Prefiled and ordered printed; offered 01/13/16 16100843D |
12/29/2015 | Referred to Committee for Courts of Justice |
01/14/2016 | Assigned to sub: Subcommittee Civil Law |
01/14/2016 | Assigned App. sub: Subcommittee Civil Law |
01/14/2016 | Assigned Courts sub: |
01/25/2016 | Subcommittee recommends reporting with amendment(s) (10-Y 0-N) |
01/27/2016 | Reported from Courts of Justice with substitute (22-Y 0-N) (see vote tally) |
01/27/2016 | Committee substitute printed 16104739D-H1 |
01/29/2016 | Read first time |
02/01/2016 | Read second time |
02/01/2016 | Committee substitute agreed to 16104739D-H1 |
02/01/2016 | Engrossed by House - committee substitute HB231H1 |
02/02/2016 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
02/02/2016 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/03/2016 | Constitutional reading dispensed |
02/03/2016 | Referred to Committee for Courts of Justice |
02/17/2016 | Reported from Courts of Justice (13-Y 0-N) (see vote tally) |
02/19/2016 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/22/2016 | Read third time |
02/22/2016 | Passed Senate (40-Y 0-N) (see vote tally) |
02/24/2016 | Enrolled |
02/24/2016 | Bill text as passed House and Senate (HB231ER) |
02/24/2016 | Signed by Speaker |
02/25/2016 | Signed by President |
02/25/2016 | Enrolled Bill communicated to Governor on 2/25/16 |
02/25/2016 | G Governor's Action Deadline Midnight, March 3, 2016 |
03/01/2016 | G Approved by Governor-Chapter 187 (effective 7/1/16) |
03/01/2016 | G Acts of Assembly Chapter text (CHAP0187) |