{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-1314.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-1314.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-1314.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-1314.html"}],"law_id":76384,"edition_id":1,"section_id":76384,"structure_id":14213,"section_number":"64.2-1314","catch_line":"Statement in lieu of settlement of accounts by personal representatives in certain circumstances","history":"1960, c. 428, \u00a7 26-20.1; 1972, c. 326; 1975, c. 192; 1980, c. 199; 1981, c. 113; 1983, c. 328; 1984, c. 309; 1993, c. 525; 1998, c. 610; 2001, c. 107; 2012, c. 614; 2017, c. 638.","full_text":"A\n\nFor the purposes of this section, the term “residuary beneficiary” shall not include the trustee of a trust that receives a residuary gift under a decedent’s will.B\n\nIf all distributees of a decedent’s estate or all residuary beneficiaries under a decedent’s will are personal representatives of that decedent’s estate, whether serving alone or with others who are not distributees or residuary beneficiaries, the personal representatives may, in lieu of the settlement of accounts required by § 64.2-1304, file with the commissioner of accounts a statement under oath that (i) all known charges against the estate have been paid, (ii) six months have elapsed since the personal representatives qualified in the clerk’s office, and (iii) the residue of the estate has been delivered to the distributees or beneficiaries. In the case of a residuary beneficiary, the statement shall include an itemized listing, substantiated and accompanied by proper vouchers, showing satisfaction of all other bequests in the will. The statement shall be considered an account stated and subject to all the provisions of this chapter applicable to accounts stated.C\n\nIf the statement authorized by this section cannot be filed with the commissioner of accounts within the time prescribed by § 64.2-1304, the personal representatives, within that time, shall file either (i) an interim account or (ii) a written notice under oath that the personal representatives intend to file a statement in lieu of the settlement of accounts when all requirements of this section have been met, which shall include an explanation of why such a statement cannot presently be filed. Second and subsequent interim accounts or notices of intent to file shall be filed annually until the statement in lieu of the settlement of accounts is filed. A commissioner of accounts who determines that the reasons offered for not presently filing a statement in lieu of settlement are not sufficient, whether in a first or subsequent written notice, may require the personal representatives to file an interim account in addition to the notice. The filing of an interim account shall not preclude the filing of a subsequent statement.","order_by":null,"text":{"0":{"id":274211,"text":"For the purposes of this section, the term “residuary beneficiary” shall not include the trustee of a trust that receives a residuary gift under a decedent’s will.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":274212,"text":"If all distributees of a decedent’s estate or all residuary beneficiaries under a decedent’s will are personal representatives of that decedent’s estate, whether serving alone or with others who are not distributees or residuary beneficiaries, the personal representatives may, in lieu of the settlement of accounts required by § 64.2-1304, file with the commissioner of accounts a statement under oath that (i) all known charges against the estate have been paid, (ii) six months have elapsed since the personal representatives qualified in the clerk’s office, and (iii) the residue of the estate has been delivered to the distributees or beneficiaries. In the case of a residuary beneficiary, the statement shall include an itemized listing, substantiated and accompanied by proper vouchers, showing satisfaction of all other bequests in the will. The statement shall be considered an account stated and subject to all the provisions of this chapter applicable to accounts stated.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":274213,"text":"If the statement authorized by this section cannot be filed with the commissioner of accounts within the time prescribed by § 64.2-1304, the personal representatives, within that time, shall file either (i) an interim account or (ii) a written notice under oath that the personal representatives intend to file a statement in lieu of the settlement of accounts when all requirements of this section have been met, which shall include an explanation of why such a statement cannot presently be filed. Second and subsequent interim accounts or notices of intent to file shall be filed annually until the statement in lieu of the settlement of accounts is filed. A commissioner of accounts who determines that the reasons offered for not presently filing a statement in lieu of settlement are not sufficient, whether in a first or subsequent written notice, may require the personal representatives to file an interim account in addition to the notice. The filing of an interim account shall not preclude the filing of a subsequent statement.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14213,"edition_id":1,"name":"Inventories and Accounts","identifier":"13","label":"chapter","depth":4,"order_by":1,"parent_id":12991,"metadata":{},"date_created":"2026-06-26 03:47:18","date_modified":"2026-06-26 03:47:18","permalink":{"id":274911,"object_type":"structure","relational_id":14213,"identifier":"13","token":"64.2\/IV\/A\/13","url":"\/64.2\/IV\/A\/13\/","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":57415,"structure_id":14213,"section_number":"64.2-1300","catch_line":"Inventories to be filed with commissioners of accounts","url":"\/64.2-1300\/","token":"64.2\/IV\/A\/13\/64.2-1300","metadata":false},{"id":56595,"structure_id":14213,"section_number":"64.2-1301","catch_line":"When inventory and settlement not required","url":"\/64.2-1301\/","token":"64.2\/IV\/A\/13\/64.2-1301","metadata":false},{"id":84852,"structure_id":14213,"section_number":"64.2-1302","catch_line":"Waiver of inventory and settlement for certain estates","url":"\/64.2-1302\/","token":"64.2\/IV\/A\/13\/64.2-1302","metadata":false},{"id":62710,"structure_id":14213,"section_number":"64.2-1303","catch_line":"Copies of inventories and accounts to be provided by personal representatives","url":"\/64.2-1303\/","token":"64.2\/IV\/A\/13\/64.2-1303","metadata":false},{"id":72702,"structure_id":14213,"section_number":"64.2-1304","catch_line":"Personal representatives","url":"\/64.2-1304\/","token":"64.2\/IV\/A\/13\/64.2-1304","metadata":false},{"id":55411,"structure_id":14213,"section_number":"64.2-1305","catch_line":"Conservators, guardians of minors' estates, committees, trustees under \u00a7 64.2-2016, and receivers","url":"\/64.2-1305\/","token":"64.2\/IV\/A\/13\/64.2-1305","metadata":false},{"id":69027,"structure_id":14213,"section_number":"64.2-1306","catch_line":"Testamentary trustees","url":"\/64.2-1306\/","token":"64.2\/IV\/A\/13\/64.2-1306","metadata":false},{"id":70650,"structure_id":14213,"section_number":"64.2-1307","catch_line":"Testamentary trustees under a will waiving accounts; waiver where beneficiary also trustee","url":"\/64.2-1307\/","token":"64.2\/IV\/A\/13\/64.2-1307","metadata":false},{"id":69223,"structure_id":14213,"section_number":"64.2-1308","catch_line":"Forms for inventories and accounts","url":"\/64.2-1308\/","token":"64.2\/IV\/A\/13\/64.2-1308","metadata":false},{"id":68866,"structure_id":14213,"section_number":"64.2-1309","catch_line":"Accounts of sales under deeds of trust","url":"\/64.2-1309\/","token":"64.2\/IV\/A\/13\/64.2-1309","metadata":false},{"id":71524,"structure_id":14213,"section_number":"64.2-1310","catch_line":"Recordation of inventories and accounts of sales","url":"\/64.2-1310\/","token":"64.2\/IV\/A\/13\/64.2-1310","metadata":false},{"id":65481,"structure_id":14213,"section_number":"64.2-1311","catch_line":"Vouchers and statement of assets on hand; direct payments to account; vouchers for IRS payments","url":"\/64.2-1311\/","token":"64.2\/IV\/A\/13\/64.2-1311","metadata":false},{"id":74306,"structure_id":14213,"section_number":"64.2-1312","catch_line":"Report to circuit court; death of fiduciary; fiduciary for recipient of federal benefits","url":"\/64.2-1312\/","token":"64.2\/IV\/A\/13\/64.2-1312","metadata":false},{"id":68025,"structure_id":14213,"section_number":"64.2-1313","catch_line":"Exhibition of accounts when sum does not exceed certain amount","url":"\/64.2-1313\/","token":"64.2\/IV\/A\/13\/64.2-1313","metadata":false},{"id":76384,"structure_id":14213,"section_number":"64.2-1314","catch_line":"Statement in lieu of settlement of accounts by personal representatives in certain circumstances","url":"\/64.2-1314\/","token":"64.2\/IV\/A\/13\/64.2-1314","metadata":false},{"id":67817,"structure_id":14213,"section_number":"64.2-1315","catch_line":"Certification and recording of accounts settled in a judicial proceeding","url":"\/64.2-1315\/","token":"64.2\/IV\/A\/13\/64.2-1315","metadata":false},{"id":64642,"structure_id":14213,"section_number":"64.2-1316","catch_line":"Settlement of fiduciary's accounts by commissioner in chancery; report to commissioner of accounts","url":"\/64.2-1316\/","token":"64.2\/IV\/A\/13\/64.2-1316","metadata":false},{"id":62071,"structure_id":14213,"section_number":"64.2-1317","catch_line":"Disposition of papers relating to estates","url":"\/64.2-1317\/","token":"64.2\/IV\/A\/13\/64.2-1317","metadata":false}],"previous_section":{"id":68025,"structure_id":14213,"section_number":"64.2-1313","catch_line":"Exhibition of accounts when sum does not exceed certain amount","url":"\/64.2-1313\/","token":"64.2\/IV\/A\/13\/64.2-1313","metadata":false},"next_section":{"id":67817,"structure_id":14213,"section_number":"64.2-1315","catch_line":"Certification and recording of accounts settled in a judicial proceeding","url":"\/64.2-1315\/","token":"64.2\/IV\/A\/13\/64.2-1315","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-1314\/","history_text":"

This law was first created in 1960. The record of its establishment is cataloged in chapter 428 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. Unfortunately, the 1960 \u201cActs\u201d aren\u2019t available online. It has been modified 11 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 1972, chapter 326; in 1975, chapter 192; in 1980, chapter 199; in 1981, chapter 113; in 1983, chapter 328; in 1984, chapter 309; in 1993, chapter 525; in 1998, chapter 610<\/a>; in 2001, chapter 107<\/a>; in 2012, chapter 614<\/a>; in 2017, chapter 638<\/a>.<\/p>","references":[{"id":62710,"section_number":"64.2-1303","catch_line":"Copies of inventories and accounts to be provided by personal representatives","order_by":null,"url":"\/64.2-1303\/"},{"id":63177,"section_number":"64.2-505","catch_line":"When security not required","order_by":null,"url":"\/64.2-505\/"}],"refers_to":[{"id":72702,"section_number":"64.2-1304","catch_line":"Personal representatives","order_by":null,"url":"\/64.2-1304\/"}],"permalink":{"id":274969,"object_type":"law","relational_id":76384,"identifier":"64.2-1314","token":"64.2\/IV\/A\/13\/64.2-1314","url":"\/64.2-1314\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-1314\/","token":"64.2\/IV\/A\/13\/64.2-1314","dublin_core":{"Title":"Statement in lieu of settlement of accounts by personal representatives in certain circumstances","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-1314","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> For the purposes of this section, the term “residuary beneficiary” shall not include the trustee<\/span> of a trust that receives a residuary gift under a decedent’s will<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> If all distributees of a decedent’s estate or all residuary beneficiaries under a decedent’s will<\/span> are personal representatives<\/span> of that decedent’s estate, whether serving alone or with others who are not distributees or residuary beneficiaries, the personal representatives<\/span> may, in lieu of the settlement<\/span> of accounts required by § 64.2-1304<\/a>, file with the commissioner of accounts a statement under oath<\/span> that (i) all known charges against the estate have been paid, (ii) six months have elapsed since the personal representatives<\/span> qualified in the clerk’s office, and (iii) the residue of the estate has been delivered to the distributees or beneficiaries. In the case of a residuary beneficiary, the statement shall include an itemized listing, substantiated and accompanied by proper vouchers, showing satisfaction of all other bequests in the will<\/span>. The statement shall be considered an account stated and subject to all the provisions of this chapter applicable to accounts stated. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> If the statement authorized by this section cannot be filed with the commissioner of accounts within the time prescribed by § 64.2-1304<\/a>, the personal representatives<\/span>, within that time, shall file either (i) an interim account or (ii) a written notice under oath<\/span> that the personal representatives<\/span> intend to file a statement in lieu of the settlement<\/span> of accounts when all requirements of this section have been met, which shall include an explanation of why such a statement cannot presently be filed. Second and subsequent interim accounts or notices of intent<\/span> to file shall be filed annually until the statement in lieu of the settlement<\/span> of accounts is filed. A commissioner of accounts who determines that the reasons offered for not presently filing a statement in lieu of settlement<\/span> are not sufficient, whether in a first or subsequent written notice, may require the personal representatives<\/span> to file an interim account in addition to the notice. The filing of an interim account shall not preclude the filing of a subsequent statement. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSTATEMENT IN LIEU OF SETTLEMENT OF ACCOUNTS BY PERSONAL REPRESENTATIVES IN\nCERTAIN CIRCUMSTANCES (\u00a7 64.2-1314)\n\nA. For the purposes of this section, the term “residuary\nbeneficiary” shall not include the trustee of a trust that receives a\nresiduary gift under a decedent’s will.\n\nB. If all distributees of a decedent’s estate or all residuary\nbeneficiaries under a decedent’s will are personal representatives of that\ndecedent’s estate, whether serving alone or with others who are not\ndistributees or residuary beneficiaries, the personal representatives may, in\nlieu of the settlement of accounts required by § 64.2-1304, file with the\ncommissioner of accounts a statement under oath that (i) all known charges\nagainst the estate have been paid, (ii) six months have elapsed since the\npersonal representatives qualified in the clerk’s office, and (iii) the\nresidue of the estate has been delivered to the distributees or beneficiaries.\nIn the case of a residuary beneficiary, the statement shall include an itemized\nlisting, substantiated and accompanied by proper vouchers, showing satisfaction\nof all other bequests in the will. The statement shall be considered an account\nstated and subject to all the provisions of this chapter applicable to accounts\nstated.\n\nC. If the statement authorized by this section cannot be filed with the\ncommissioner of accounts within the time prescribed by § 64.2-1304, the\npersonal representatives, within that time, shall file either (i) an interim\naccount or (ii) a written notice under oath that the personal representatives\nintend to file a statement in lieu of the settlement of accounts when all\nrequirements of this section have been met, which shall include an explanation\nof why such a statement cannot presently be filed. Second and subsequent interim\naccounts or notices of intent to file shall be filed annually until the\nstatement in lieu of the settlement of accounts is filed. A commissioner of\naccounts who determines that the reasons offered for not presently filing a\nstatement in lieu of settlement are not sufficient, whether in a first or\nsubsequent written notice, may require the personal representatives to file an\ninterim account in addition to the notice. The filing of an interim account\nshall not preclude the filing of a subsequent statement.\n\nHISTORY: 1960, c. 428, \u00a7 26-20.1; 1972, c. 326; 1975, c. 192; 1980, c. 199;\n1981, c. 113; 1983, c. 328; 1984, c. 309; 1993, c. 525; 1998, c. 610; 2001, c.\n107; 2012, c. 614; 2017, c. 638.","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}}