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)

Description

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 »

Outcome

History