{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-1060.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-1060.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-1060.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-1060.html"}],"law_id":85155,"edition_id":1,"section_id":85155,"structure_id":15635,"section_number":"64.2-1060","catch_line":"Marital deduction property not productive of income","history":"2022, c. 354.","full_text":"A\n\nIf a trust received property for which a gift or estate tax marital deduction was allowed and the settlor’s spouse holds a mandatory income interest in the trust, the spouse may require the trustee, to the extent the trust assets otherwise do not provide the spouse with sufficient income from or use of the trust assets to qualify for the deduction, to:1\n\nMake property productive of income;2\n\nConvert property to property productive of income within a reasonable time; or3\n\nExercise the power to adjust under § 64.2-1038.B\n\nThe trustee may decide which action or combination of actions in subsection A to take.","order_by":null,"text":{"0":{"id":305130,"text":"If a trust received property for which a gift or estate tax marital deduction was allowed and the settlor’s spouse holds a mandatory income interest in the trust, the spouse may require the trustee, to the extent the trust assets otherwise do not provide the spouse with sufficient income from or use of the trust assets to qualify for the deduction, to:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":305131,"text":"Make property productive of income;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":305132,"text":"Convert property to property productive of income 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This law was first created in 2022. The record of its establishment is cataloged in chapter 354<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":273999,"object_type":"law","relational_id":85155,"identifier":"64.2-1060","token":"64.2\/III\/10.1\/6\/64.2-1060","url":"\/64.2-1060\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-1060\/","token":"64.2\/III\/10.1\/6\/64.2-1060","dublin_core":{"Title":"Marital deduction property not productive of income","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-1060","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> If a trust<\/span> received property for which a gift or estate<\/span> tax marital deduction was allowed and the settlor<\/span>’s spouse holds a mandatory income interest<\/span> in the trust<\/span>, the spouse may require the trustee<\/span>, to the extent the trust<\/span> assets<\/span> otherwise do not provide the spouse with sufficient income from or use of the trust<\/span> assets<\/span> to qualify for the deduction, to: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Make property productive of income; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Convert property to property productive of income within a reasonable time; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Exercise the power to adjust under § 64.2-1038<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The trustee<\/span> may decide which action or combination of actions in subsection A to take. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nMARITAL DEDUCTION PROPERTY NOT PRODUCTIVE OF INCOME (\u00a7 64.2-1060)\n\nA. If a trust received property for which a gift or estate tax marital deduction\nwas allowed and the settlor’s spouse holds a mandatory income interest in\nthe trust, the spouse may require the trustee, to the extent the trust assets\notherwise do not provide the spouse with sufficient income from or use of the\ntrust assets to qualify for the deduction, to:\n\n 1. Make property productive of income;\n\n 2. Convert property to property productive of income within a reasonable time;\n or\n\n 3. Exercise the power to adjust under § 64.2-1038.\n\nB. The trustee may decide which action or combination of actions in subsection A\nto take.\n\nHISTORY: 2022, c. 354.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}