Code of Virginia § 64.2-2503. Concurrent ownership with or without survivorship.

129 words·~1 min read·/va/title-64-2/chapter-25/64-2-2503

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. The death of the decedent caused by the slayer results in the vesting of the slayer's interest in property held by the decedent and the slayer as tenants by the entirety or any other form of ownership with the right of survivorship in the estate of the decedent as though the slayer had predeceased the decedent.

B. The death of the decedent caused by the slayer results in the severance of the slayer's interest in property held by the decedent and the slayer as joint tenants, joint owners, or joint obligees without the right of survivorship and the share of the decedent passes as a part of his estate.

1981, c. 469, §§ 55-405, 55-406; 1992, c. 521; 2008, cc. 822 , 830 ; 2012, c. 614 .