{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-1208.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-1208.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-1208.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-1208.html"}],"law_id":62470,"edition_id":1,"section_id":62470,"structure_id":12992,"section_number":"64.2-1208","catch_line":"Expenses and commissions allowed fiduciaries","history":"Code 1919, \u00a7 5425; Code 1950, \u00a7 26-30; 1985, c. 402; 1997, c. 921; 2005, c. 935; 2011, c. 518; 2012, c. 614.","full_text":"A\n\nIn stating and settling the account, the commissioner of accounts shall allow the fiduciary any reasonable expenses incurred by him and, except in cases in which it is otherwise provided, a reasonable compensation in the form of a commission on receipts or otherwise. Unless otherwise provided by the court, any guardian appointed pursuant to Chapter 20 (&#xA7; 64.2-2000 et seq.) or Chapter 21 (&#xA7; 64.2-2100 et seq.) shall also be allowed reasonable compensation for his services. If a committee or other fiduciary renders services with regard to real estate owned by the ward or beneficiary, compensation may also be allowed for the services rendered with regard to the real estate and the income from or the value of such real estate.B\n\nNotwithstanding subsection A or any provision under Chapter 7 (&#xA7; 64.2-700 et seq.), where the compensation of an institutional fiduciary is specified under the terms of the trust or will by reference to a standard published fee schedule, the commissioner of accounts shall not reduce the compensation below the amount specified unless there is sufficient proof that (i) the settlor or testator was not competent when the trust instrument or will was executed or (ii) such compensation is excessive in light of the compensation institutional fiduciaries generally receive in similar situations.","order_by":null,"text":{"0":{"id":227847,"text":"In stating and settling the account, the commissioner of accounts shall allow the fiduciary any reasonable expenses incurred by him and, except in cases in which it is otherwise provided, a reasonable compensation in the form of a commission on receipts or otherwise. Unless otherwise provided by the court, any guardian appointed pursuant to Chapter 20 (&#xA7; 64.2-2000 et seq.) or Chapter 21 (&#xA7; 64.2-2100 et seq.) shall also be allowed reasonable compensation for his services. If a committee or other fiduciary renders services with regard to real estate owned by the ward or beneficiary, compensation may also be allowed for the services rendered with regard to the real estate and the income from or the value of such real estate.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":227848,"text":"Notwithstanding subsection A or any provision under Chapter 7 (&#xA7; 64.2-700 et seq.), where the compensation of an institutional fiduciary is specified under the terms of the trust or will by reference to a standard published fee schedule, the commissioner of accounts shall not reduce the compensation below the amount specified unless there is sufficient proof that (i) the settlor or testator was not competent when the trust instrument or will was executed or (ii) such compensation is excessive in light of the compensation institutional fiduciaries generally receive in similar situations.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":12992,"edition_id":1,"name":"Commissioners of Accounts","identifier":"12","label":"chapter","depth":4,"order_by":1,"parent_id":12991,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":274817,"object_type":"structure","relational_id":12992,"identifier":"12","token":"64.2\/IV\/A\/12","url":"\/64.2\/IV\/A\/12\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12991,"edition_id":1,"name":"Fiduciaries","identifier":"A","label":"part","depth":3,"order_by":1,"parent_id":12905,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":274815,"object_type":"structure","relational_id":12991,"identifier":"A","token":"64.2\/IV\/A","url":"\/64.2\/IV\/A\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12905,"edition_id":1,"name":"Fiduciaries and Guardians","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12723,"metadata":{},"date_created":"2026-06-26 03:44:00","date_modified":"2026-06-26 03:44:00","permalink":{"id":274813,"object_type":"structure","relational_id":12905,"identifier":"IV","token":"64.2\/IV","url":"\/64.2\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12723,"edition_id":1,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":272781,"object_type":"structure","relational_id":12723,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":72768,"structure_id":12992,"section_number":"64.2-1200","catch_line":"Commissioners of accounts","url":"\/64.2-1200\/","token":"64.2\/IV\/A\/12\/64.2-1200","metadata":false},{"id":70925,"structure_id":12992,"section_number":"64.2-1201","catch_line":"Appointment of assistant commissioners of accounts; duties and powers","url":"\/64.2-1201\/","token":"64.2\/IV\/A\/12\/64.2-1201","metadata":false},{"id":59949,"structure_id":12992,"section_number":"64.2-1202","catch_line":"Appointment of deputy commissioners of accounts in certain cities and counties; duties and powers","url":"\/64.2-1202\/","token":"64.2\/IV\/A\/12\/64.2-1202","metadata":false},{"id":56284,"structure_id":12992,"section_number":"64.2-1203","catch_line":"Subpoena powers of commissioners of accounts, assistants, and deputies; penalty","url":"\/64.2-1203\/","token":"64.2\/IV\/A\/12\/64.2-1203","metadata":false},{"id":80910,"structure_id":12992,"section_number":"64.2-1204","catch_line":"Commissioners of accounts to examine and report on bonds and whether fiduciaries should be removed","url":"\/64.2-1204\/","token":"64.2\/IV\/A\/12\/64.2-1204","metadata":false},{"id":54071,"structure_id":12992,"section_number":"64.2-1205","catch_line":"Commissioners of accounts to inspect and file inventories with clerks","url":"\/64.2-1205\/","token":"64.2\/IV\/A\/12\/64.2-1205","metadata":false},{"id":83611,"structure_id":12992,"section_number":"64.2-1206","catch_line":"Settlement of fiduciaries' accounts","url":"\/64.2-1206\/","token":"64.2\/IV\/A\/12\/64.2-1206","metadata":false},{"id":78654,"structure_id":12992,"section_number":"64.2-1207","catch_line":"Settlement for year to include unsettled portion of preceding year","url":"\/64.2-1207\/","token":"64.2\/IV\/A\/12\/64.2-1207","metadata":false},{"id":62470,"structure_id":12992,"section_number":"64.2-1208","catch_line":"Expenses and commissions allowed fiduciaries","url":"\/64.2-1208\/","token":"64.2\/IV\/A\/12\/64.2-1208","metadata":false},{"id":79381,"structure_id":12992,"section_number":"64.2-1209","catch_line":"Who may insist or object before commissioner of accounts","url":"\/64.2-1209\/","token":"64.2\/IV\/A\/12\/64.2-1209","metadata":false},{"id":64162,"structure_id":12992,"section_number":"64.2-1210","catch_line":"Accounts and debts and demands to be reported","url":"\/64.2-1210\/","token":"64.2\/IV\/A\/12\/64.2-1210","metadata":false},{"id":82564,"structure_id":12992,"section_number":"64.2-1211","catch_line":"Where filed; notice to certain parties","url":"\/64.2-1211\/","token":"64.2\/IV\/A\/12\/64.2-1211","metadata":false},{"id":69972,"structure_id":12992,"section_number":"64.2-1212","catch_line":"Exceptions to report; examination, correction, and confirmation","url":"\/64.2-1212\/","token":"64.2\/IV\/A\/12\/64.2-1212","metadata":false},{"id":81061,"structure_id":12992,"section_number":"64.2-1213","catch_line":"Effect of confirmation of report","url":"\/64.2-1213\/","token":"64.2\/IV\/A\/12\/64.2-1213","metadata":false},{"id":59643,"structure_id":12992,"section_number":"64.2-1214","catch_line":"Recordation of report","url":"\/64.2-1214\/","token":"64.2\/IV\/A\/12\/64.2-1214","metadata":false},{"id":86213,"structure_id":12992,"section_number":"64.2-1215","catch_line":"Power of commissioner of accounts to enforce the filing of inventories","url":"\/64.2-1215\/","token":"64.2\/IV\/A\/12\/64.2-1215","metadata":false},{"id":54829,"structure_id":12992,"section_number":"64.2-1216","catch_line":"Failure to account; enforcement","url":"\/64.2-1216\/","token":"64.2\/IV\/A\/12\/64.2-1216","metadata":false},{"id":56232,"structure_id":12992,"section_number":"64.2-1217","catch_line":"Forfeiture of fiduciary's commission","url":"\/64.2-1217\/","token":"64.2\/IV\/A\/12\/64.2-1217","metadata":false},{"id":78922,"structure_id":12992,"section_number":"64.2-1218","catch_line":"When fiduciaries personally liable for costs","url":"\/64.2-1218\/","token":"64.2\/IV\/A\/12\/64.2-1218","metadata":false},{"id":84755,"structure_id":12992,"section_number":"64.2-1219","catch_line":"Fees of commissioners of accounts","url":"\/64.2-1219\/","token":"64.2\/IV\/A\/12\/64.2-1219","metadata":false},{"id":84774,"structure_id":12992,"section_number":"64.2-1220","catch_line":"Receipt for vouchers filed in settlement; effect thereof","url":"\/64.2-1220\/","token":"64.2\/IV\/A\/12\/64.2-1220","metadata":false},{"id":67725,"structure_id":12992,"section_number":"64.2-1221","catch_line":"Report on fiduciaries' bonds; \"record of fiduciaries.\"","url":"\/64.2-1221\/","token":"64.2\/IV\/A\/12\/64.2-1221","metadata":false},{"id":65749,"structure_id":12992,"section_number":"64.2-1222","catch_line":"Commissioners of accounts to post list of fiduciaries whose accounts are before them for settlement","url":"\/64.2-1222\/","token":"64.2\/IV\/A\/12\/64.2-1222","metadata":false}],"previous_section":{"id":78654,"structure_id":12992,"section_number":"64.2-1207","catch_line":"Settlement for year to include unsettled portion of preceding year","url":"\/64.2-1207\/","token":"64.2\/IV\/A\/12\/64.2-1207","metadata":false},"next_section":{"id":79381,"structure_id":12992,"section_number":"64.2-1209","catch_line":"Who may insist or object before commissioner of accounts","url":"\/64.2-1209\/","token":"64.2\/IV\/A\/12\/64.2-1209","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-1208\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 5 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1985, chapter 402; in 1997, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?971+ful+CHAP0921\">921<\/a>; in 2005, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?051+ful+CHAP0935\">935<\/a>; in 2011, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?111+ful+CHAP0518\">518<\/a>; in 2012, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?121+ful+CHAP0614\">614<\/a>.<\/p>","references":false,"refers_to":[{"id":65465,"section_number":"64.2-2000","catch_line":"Definitions","order_by":null,"url":"\/64.2-2000\/"},{"id":77383,"section_number":"64.2-2100","catch_line":"Definitions","order_by":null,"url":"\/64.2-2100\/"},{"id":77403,"section_number":"64.2-700","catch_line":"Scope","order_by":null,"url":"\/64.2-700\/"}],"permalink":{"id":274851,"object_type":"law","relational_id":62470,"identifier":"64.2-1208","token":"64.2\/IV\/A\/12\/64.2-1208","url":"\/64.2-1208\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-1208\/","token":"64.2\/IV\/A\/12\/64.2-1208","dublin_core":{"Title":"Expenses and commissions allowed fiduciaries","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-1208","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> In stating and settling the account, the commissioner of accounts shall allow the <span class=\"dictionary\">fiduciary<\/span> any reasonable expenses incurred by him and, except in cases in which it is otherwise provided, a reasonable compensation in the form of a commission on receipts or otherwise. Unless otherwise provided by the <span class=\"dictionary\">court<\/span>, any guardian appointed pursuant to Chapter 20 (&#xA7; <a class=\"law\" title=\"Definitions\" href=\"\/64.2-2000\/\">64.2-2000<\/a> et seq.) or Chapter 21 (&#xA7; <a class=\"law\" title=\"Definitions\" href=\"\/64.2-2100\/\">64.2-2100<\/a> et seq.) shall also be allowed reasonable compensation for his services. If a committee or other <span class=\"dictionary\">fiduciary<\/span> renders services with regard to real estate owned by the ward or beneficiary, compensation may also be allowed for the services rendered with regard to the real estate and the income from or the <span class=\"dictionary\">value<\/span> of such real estate. <a id=\"paragraph-227847\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-1208\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> Notwithstanding subsection A or any provision under Chapter 7 (&#xA7; <a class=\"law\" title=\"Scope\" href=\"\/64.2-700\/\">64.2-700<\/a> et seq.), where the compensation of an institutional <span class=\"dictionary\">fiduciary<\/span> is specified under the terms of the trust or <span class=\"dictionary\">will<\/span> by reference to a standard published fee schedule, the commissioner of accounts shall not reduce the compensation below the amount specified unless there is sufficient proof that (i) the settlor or testator was not competent when the trust instrument or <span class=\"dictionary\">will<\/span> was executed or (ii) such compensation is excessive in light of the compensation institutional fiduciaries generally receive in similar situations. <a id=\"paragraph-227848\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-1208\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nEXPENSES AND COMMISSIONS ALLOWED FIDUCIARIES (\u00a7 64.2-1208)\n\nA. In stating and settling the account, the commissioner of accounts shall allow\nthe fiduciary any reasonable expenses incurred by him and, except in cases in\nwhich it is otherwise provided, a reasonable compensation in the form of a\ncommission on receipts or otherwise. Unless otherwise provided by the court, any\nguardian appointed pursuant to Chapter 20 (&#xA7; 64.2-2000 et seq.) or Chapter\n21 (&#xA7; 64.2-2100 et seq.) shall also be allowed reasonable compensation for\nhis services. If a committee or other fiduciary renders services with regard to\nreal estate owned by the ward or beneficiary, compensation may also be allowed\nfor the services rendered with regard to the real estate and the income from or\nthe value of such real estate.\n\nB. Notwithstanding subsection A or any provision under Chapter 7 (&#xA7;\n64.2-700 et seq.), where the compensation of an institutional fiduciary is\nspecified under the terms of the trust or will by reference to a standard\npublished fee schedule, the commissioner of accounts shall not reduce the\ncompensation below the amount specified unless there is sufficient proof that\n(i) the settlor or testator was not competent when the trust instrument or will\nwas executed or (ii) such compensation is excessive in light of the compensation\ninstitutional fiduciaries generally receive in similar situations.\n\nHISTORY: Code 1919, \u00a7 5425; Code 1950, \u00a7 26-30; 1985, c. 402; 1997, c. 921;\n2005, c. 935; 2011, c. 518; 2012, c. 614.","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}}