Estate Administration in Virginia

Estate Administration in Virginia can be full of twists, turns, and nuances. The process is further complicated by the emotions and grief that family members and fiduciaries are simultaneously experiencing over the loss of a loved one. This segment will introduce attorneys to the basics of the estate administration process in Virginia. The presenters will introduce attorneys to the probate and qualification process, discuss the basic administration of an estate, the filing of an inventory and accounting with the Commissioner of Accounts, the filing and resolution of claims against the estate, navigation of the statutory rights of the surviving spouse and family members of the decedent, and final distribution and closure of the estate. This segment will guide attorneys through the process and provide practical guidance and solutions to help attorneys guide clients as they navigate the process.

Learning Objectives:

1. Understand the basics of probate and qualification in Virginia
2. Discuss the administration of a decedent's estate from the marshalling of assets to final distribution
3. Master the estate administration reporting requirements with the Commissioner of Accounts in Virginia
4. Learn the basics of claims filed by creditors against an estate in Virginia
5. Grasp the statutory rights of a surviving spouse and other family members, including claims for elective share