A. In a proceeding for an elective share, the following are applied first to satisfy the elective-share amount and to reduce or eliminate any contributions due from the decedent’s probate estate and recipients of the decedent’s non-probate transfers to others:
1. The value of property excluded from the augmented estate under subsection A of § 64.2-308.9, which passes or has passed to the surviving spouse;
2. Amounts included in the augmented estate under § 64.2-308.5 that pass or have passed to the surviving spouse by testate or intestate succession and amounts included in the augmented estate under § 64.2-308.7; and
3. The marital property portion of amounts included in the augmented estate under § 64.2-308.8.
B. The marital property portion under subdivision A 3 is computed by multiplying the value of the amounts included in the augmented estate under § 64.2-308.8 by the percentage of the augmented estate set forth in the schedule in subsection B of § 64.2-308.4 appropriate to the length of time the spouse and the decedent were married to each other.
C. If, after the application of subsection A, the elective share amount is not fully satisfied, amounts included in the decedent’s net probate estate, other than assets passing to the surviving spouse by testate or intestate succession, and in the decedent’s non-probate transfers to others under subdivisions 1, 2, and 3 b of § 64.2-308.6 are applied first to satisfy the unsatisfied balance of the elective share amount. The decedent’s net probate estate and that portion of the decedent’s non-probate transfers to others are so applied that liability for the unsatisfied balance of the elective share amount is apportioned among the recipients of the decedent’s net probate estate and of that portion of the decedent’s non-probate transfers to others in proportion to the value of their interests therein.
D. If, after the application of subsections A and C, the elective share amount is not fully satisfied, the remaining portion of the decedent’s non-probate transfers to others is so applied that liability for the unsatisfied balance of the elective share amount is apportioned among the recipients of the remaining portion of the decedent’s non-probate transfers to others in proportion to the value of their interests therein.
E. The unsatisfied balance of the elective share amount as determined under subsection C or D is treated as a general pecuniary bequest.
History
2016, cc. 187, 269.
