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.
Structure Code of Virginia
Title 64.2 - Wills, Trusts, and Fiduciaries
Chapter 20 - Guardianship and Conservatorship
§ 64.2-2001. Filing of petition; jurisdiction; instructions to be provided
§ 64.2-2002. Who may file petition; contents
§ 64.2-2003. Appointment of guardian ad litem
§ 64.2-2004. Notice of hearing; jurisdictional
§ 64.2-2005. Evaluation report
§ 64.2-2006. Counsel for respondent
§ 64.2-2007. Hearing on petition to appoint
§ 64.2-2009. Court order of appointment; limited guardianships and conservatorships
§ 64.2-2010. Eligibility for public guardian or conservator
§ 64.2-2012. Petition for restoration, modification, or termination; effects
§ 64.2-2013. Standby guardianship or conservatorship for incapacitated persons
§ 64.2-2014. Clerk to index findings of incapacity or restoration; notice of findings
§ 64.2-2015. When no guardian or conservator appointed within one month of adjudication
§ 64.2-2016. Trustees for incapacitated veterans and their beneficiaries
§ 64.2-2017. Payments from U.S. Department of Veterans Affairs
§ 64.2-2018. Taking of bond by clerk of court
§ 64.2-2019. Duties and powers of guardian
§ 64.2-2020. Annual reports by guardians
§ 64.2-2021. General duties and liabilities of conservator
§ 64.2-2022. Management powers and duties of conservator
§ 64.2-2025. Fiduciary to prosecute and defend actions involving incapacitated person
§ 64.2-2026. Surrender of incapacitated person's estate
§ 64.2-2029. Application to guardians and conservators appointed pursuant to § 64.2-2115