Diminished financial capacity; execution of revocable letter. (HB612)

Introduced By

Del. Rob Bell (R-Charlottesville) with support from co-patron Del. Paul Krizek (D-Alexandria)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Letters of diminished financial capacity. Provides a procedure by which adults capable of making informed decisions may execute a revocable letter of diminished financial capacity, defined as a witnessed written document authorizing a financial institution to notify a trusted individual, as defined in the bill, when the declarant is exhibiting signs of diminished financial capacity. The bill provides that declarants may file a letter of diminished financial capacity with the Advance Health Care Directive Registry and the declarant's financial institution and requires financial institutions to keep letters of diminished financial capacity with their customer's financial records. Read the Bill »


Bill Has Failed


01/11/2016Prefiled and ordered printed; offered 01/13/16 16101975D
01/11/2016Referred to Committee on Health, Welfare and Institutions
01/14/2016Assigned to sub: Subcommittee Subcommittee #2
01/14/2016Assigned to sub: Subcommittee #2
01/14/2016Assigned HWI sub: Subcommittee #2
01/15/2016Impact statement from VDH (HB612)
01/26/2016Subcommittee recommends laying on the table
02/16/2016Left in Health, Welfare and Institutions