Bill > HB306

This bill amends Virginia law concerning wills and estates to change the deadline for claiming certain rights after a person's death. Specifically, it alters the timeframe for making an election to take a family allowance, exempt property, or homestead allowance, which are provisions designed to protect surviving family members by setting aside certain assets or providing financial support. Previously, these claims had to be made within one year of the decedent's death. The bill now extends this deadline to be no later than one year after the later of two events: either when the decedent's will is officially accepted by the court for probate (meaning it's recognized as valid) or when an administrator is appointed to manage the estate of someone who died without a will (an intestate estate). This change provides surviving family members with a longer period to make these important decisions regarding estate assets.

Justice

https://lis.virginia.gov/bill-details/20261/HB306