26-12.3 - Waiver of inventory and settlement for certain estates. - Virginia Statutes

§ 26-12.3. Waiver of inventory and settlement for certain estates.

When a decedent's personal estate passing by testate or intestate successiondoes not exceed $15,000 in value and an heir, beneficiary or creditor whoseclaim exceeds the value of such estate seeks qualification, the clerk shallwaive inventory under § 26-12 and settlement under § 26-17.3. This sectionshall not apply if the decedent died owning any real estate over which theperson seeking qualification would have the power of sale.

(1980, c. 563; 1987, c. 605; 1989, c. 387; 1998, c. 117; 2001, c. 598; 2002,cc. 220, 227.)