                                 CODE OF VIRGINIA

TABLE OF UNIFORM SENIORITY (§ 55.1-502)

When any two parties, as joint tenants for life, are entitled to the annual
interest on a sum of money, or are entitled to the use of any estate or a part
thereof, and are willing to accept a gross sum in lieu thereof, or the party
liable for such interest, or affected by such claim, has the right to pay a
gross sum in lieu thereof, or if the court in any legal proceeding orders a
gross sum to be paid in lieu thereof, the sum shall be estimated according to
the then value of an annuity of eight percent on the principal sum during the
probable joint lives of such persons (which probable joint lives shall be
computed from the table in this section for computing uniform seniority) as set
forth in Column II in the table in § 55.1-500, showing the present value, on
the basis of eight percent interest, of an annuity of $1 payable at the end of
every year that two persons of given ages may both be living for the ages
therein stated:
		TABLE OF UNIFORM SENIORITY

HISTORY: 1973, c. 355, § 55-272.1; 1981, c. 612; 2019, c. 712.