Payment or delivery of small asset valued at $35,000 or less without affidavit
Va. Code Ann. § 64.2-602
in effectA. Notwithstanding the provisions of § 64.2-601 , any person having possession of a small asset valued at $35,000 or less may pay or deliver the small asset to any successor provided that:
1. At least 60 days have elapsed since the decedent's death; and
2. No application for the appointment of a personal representative is pending or has been granted in any jurisdiction.
B. The designated successor shall have a fiduciary duty to safeguard and promptly pay or deliver the small asset as required by the laws of the Commonwealth to the other successors, if any.
1981, c. 281, § 64.1-132.3; 2010, c. 269 ; 2012, c. 614 ; 2014, c. 532 ; 2025, c. 148 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/64.2-602/Fetched: 10/17/2026