CHAPTER 40
An Act to amend and reenact § 64.2-601 of the Code of Virginia, relating to payment or delivery of small asset by affidavit; Office of the Executive Secretary to prepare form.
[H 100]
Approved March 31, 2026
Be it enacted by the General Assembly of Virginia:
1. That § 64.2-601 of the Code of Virginia is amended and reenacted as follows:
§ 64.2-601 . Payment or delivery of small asset by affidavit.
A. Any person having possession of a small asset shall pay or deliver the small asset to the designated successor of the decedent upon being presented an affidavit made by all of the known successors stating:
1. That the value of the decedent's entire personal probate estate as of the date of the decedent's death, wherever located, does not exceed $75,000;
2. That at least 60 days have elapsed since the decedent's death;
3. That no application for the appointment of a personal representative is pending or has been granted in any jurisdiction;