CODE OF VIRGINIA

PAYMENTS FROM U.S. DEPARTMENT OF VETERANS AFFAIRS (§ 64.2-2017)

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 $ 2,000 or more.

HISTORY: 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.