Code of Virginia § 64.2-2017. Payments from U.S. Department of Veterans Affairs.
109 words·~1 min read·
/va/title-64-2/chapter-20/64-2-2017·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
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 .