Virginia Disputed Accounted Settlement
Description
How to fill out Disputed Accounted Settlement?
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FAQ
No preference shall be given in the payment of any claim over any other claim of the same class, and a claim due and payable shall not be entitled to a preference over a claim not due.
Virginia Code § 64.2-550 states that said hearings can be held anytime the commissioner has before him the ?accounts of a personal representative of a decedent.? Virginia Code § 64.2-550 states the commissioner shall issue a report of ?all such debts or demands as have been sufficiently proved.? Thus, Virginia Code § ...
A personal representative shall not be compelled to pay any legacy made in the will or to distribute the estate of the decedent for six months from the date of the order conferring authority on the first executor or administrator of such decedent and, except when it is otherwise specifically provided for in the will, ...
Also, unlike most states, in Virginia there is no deadline for creditors to make claims against an estate other than the normal statute of limitations for a given debt.
Any personal representative who has in good faith complied with the provisions of this section and has, in compliance with or, as subsequently approved by, the order of the court, paid and delivered the money or other estate in his possession to any party that the court has adjudged entitled thereto shall not be liable ...
This section shall be deemed to permit qualification without security where the personal representative is the only distributee or only beneficiary by virtue of one or more instruments of disclaimer filed prior to, or at the time of, such personal representative's qualification.
