Virginia Code 64.2-308.11: Personal liability of recipients.
A. Only original recipients of the decedent‘s non-probate transfers to others, and the donees of the recipients of the decedent’s non-probate transfers to others, to the extent the donees have the property or its proceeds, are liable to make a proportional contribution toward satisfaction of the surviving spouse’s elective share amount. A person liable to make contribution may choose to give up the proportional part of the decedent’s non-probate transfers to him or to pay the value of the amount for which he is liable in cash, or, upon agreement of the surviving spouse, other property.
Terms Used In Virginia Code 64.2-308.11
- Decedent: A deceased person.
- Person: includes any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or any other legal or commercial entity and any successor, representative, agent, agency, or instrumentality thereof. See Virginia Code 1-230
- Property: includes values subject to a beneficiary designation. See Virginia Code 64.2-308.1
B. If any section or part of any section of this article is preempted by federal law with respect to a payment, an item of property, or any other benefit included in the decedent’s non-probate transfers to others, a person who, not for value, receives the payment, item of property, or any other benefit is obligated to return the payment, item of property, or benefit, or is personally liable for the amount of the payment or the value of that item of property or benefit, as provided in § 64.2-308.10, to the person who would have been entitled to it were that section or part of that section not preempted.