64.1-63.1 - When advancement deemed satisfaction of devise or bequest. - Virginia Statutes

§ 64.1-63.1. When advancement deemed satisfaction of devise or bequest.

Property which a testator gave during his lifetime to a person shall not betreated as a satisfaction of a devise or bequest to that person, in whole orin part, unless (i) the will provides for deduction of the lifetime gift,(ii) the testator declares in a contemporaneous writing that the gift is tobe deducted from the devise or bequest or is in satisfaction thereof, or(iii) the devisee or legatee acknowledges in writing that the gift is insatisfaction.

(Code 1950, §§ 64-63, 64.1-63; 1968, c. 656; 1985, c. 432.)