The value of the augmented estate includes the value of the decedent‘s probate estate, reduced by funeral and administration expenses (excluding federal or state transfer taxes), homestead allowance, family allowances, exempt property, and enforceable claims.

Ask a will, trust or estate question, get an answer ASAP!
Thousands of highly rated, verified estate & trust lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Virginia Code 64.2-308.5

  • Decedent: A deceased person.
  • Includes: means includes, but not limited to. See Virginia Code 1-218
  • Probate: Proving a will
  • Property: includes values subject to a beneficiary designation. See Virginia Code 64.2-308.1
  • State: when applied to a part of the United States, includes any of the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, and the United States Virgin Islands. See Virginia Code 1-245

2016, cc. 187, 269.