37.2-1017 - Payments from U.S. Department of Veterans Affairs. - Virginia Statutes

§ 37.2-1017. Payments from U.S. Department of Veterans Affairs.

Monthly payments of pension, compensation, insurance, or other benefits fromthe U.S. Department of Veterans Affairs made to a trustee or other fiduciaryshall be considered as income and not principal, but the accumulation of suchmonthly payments received by a trustee or other fiduciary and in his hands atthe end of the accounting year may be carried over as principal and convertedinto the corpus of the estate when the accumulation amounts to $200 or more.

(Code 1950, § 37-150.1; 1966, c. 310; 1968, c. 477, § 37.1-143; 2005, c. 716.)