Va. Code § 64.2-2017

Current with changes from the 2024 legislative session through ch. 845

Section 64.2-2017 - Payments from U.S. Department of Veterans Affairs

Monthly payments of pension, compensation, insurance, or other benefits from the U.S. Department of Veterans Affairs made to a trustee or other fiduciary shall be considered as income and not principal, but the accumulation of such monthly payments received by a trustee or other fiduciary and in his possession at the end of the accounting year may be carried over as principal and converted into the corpus of the estate when the accumulation amounts to $2,000 or more.

Code 1950, § 37-150.1; 1966, c. 310; 1968, c. 477, § 37.1-143; 2005, c. 716, § 37.2-1017; 2012, c. 614; 2014, c. 532.

Amended by Acts 2014 c. 532, § 1, eff. 7/1/2014.