Public-domain · open source
OpenJurist

Va. Code Ann. § 64.2-308.4

Composition of the augmented estate; marital property portion

2016, cc. 187, 269.

A. Subject to § 64.2-308.9, the value of the augmented estate, to the extent provided in §§ 64.2-308.5, 64.2-308.6, 64.2-308.7, and 64.2-308.8, consists of the sum of the values of all property, whether real or personal, movable or immovable, tangible or intangible, wherever situated, that constitute:

1. The decedent's net probate estate;

2. The decedent's non-probate transfers to others;

3. The decedent's non-probate transfers to the surviving spouse; and

4. The surviving spouse's property and non-probate transfers to others.

B. The value of the marital-property portion of the augmented estate consists of the sum of the values of the four components of the augmented estate as determined under subsection A multiplied by the following percentage:

If the decedent and the spouse were married to each other: The percentage is:

aLess than 1 year3%

a1 year but less than 2 years6%

b2 years but less than 3 years12%

c3 years but less than 4 years18%

d4 years but less than 5 years24%

e5 years but less than 6 years30%

f6 years but less than 7 years36%

g7 years but less than 8 years42%

h8 years but less than 9 years48%

i9 years but less than 10 years54%

j10 years but less than 11 years60%

k11 years but less than 12 years68%

l12 years but less than 13 years76%

m13 years but less than 14 years84%

n14 years but less than 15 years92%

o15 years or more100%

Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.