Code of Virginia (Last Updated:July 28, 2020) |
TITLE 64.2. Wills, Trusts, and Fiduciaries |
SUBTITLE II. Wills and Decedents' Estates |
CHAPTER 5. Personal Representatives and Administration of Estates |
ARTICLE 9. Settlement of Accounts and Distribution |
SECTION 64.2-558. Distribution to persons standing in loco parentis to certain beneficiaries |
Notwithstanding any provision of law to the contrary, a distribution to a person standing in loco parentis to an incapacitated person or an infant pursuant to authorization under subdivision B 17 of § 64.2-105 or a comparable provision in a will or trust instrument may be approved by the commissioner of accounts without regard to the amount or value of the fund or property. 1980, c. 507, § 64.1-180.1; 1997, c. 64.2-105 ; 2012, c. 64.2-105 . |