Bill > HB100

This bill requires that any affidavit used to claim a "small asset" (defined as personal probate estate valued at $75,000 or less) from someone possessing it must be on a standardized form created by the Office of the Executive Secretary of the Supreme Court of Virginia. This process allows designated successors to receive small assets from a decedent's estate without needing a formal court-appointed personal representative, provided certain conditions are met, such as at least 60 days having passed since the death and no other estate administration being pending. The bill clarifies the fiduciary duties of the designated successor and provides guidance on how to handle assets for successors who are incapacitated or under a legal disability.