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Code of Virginia · § 64.2-2017 — Payments from U.S. Department of Veterans Affairs

64.2-2017. Payments from U.S. Department of Veterans Affairs

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 $3,000 or more.

History and annotations

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; 2025, c. 148.

Official source for this version

Source captured 2026-09-25. Open the official source.

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