![]() The appointed person must take an oath that he or she will perform the duties required of the executor and give bond at least in the amount of the estate’s value. In the Commonwealth of Virginia, the person responsible for administering an estate is called the “executor.” Although the executor is named in a deceased person’s will, the role is actually conferred by the Circuit Court. In circumstances when the decedent died owning no real estate and with personal property valued less than $50,000, probate may not be necessary. The average probate administration can take between six and eighteen months, depending on the complexity of the estate. Instead, all probate matters are processed through the circuit court of the city or county where the decedent was domiciled. ![]() Virginia does not have a separate probate court, as some states do. A properly set up and funded trust will keep named assets out of probate, and they can be distributed immediately and without court approval in accordance with the trust terms and instructions. Not all assets will be considered a part of the decedent’s estate for the purposes of probate. Probate is a procedure by which a decedent’s estate is gathered, assessed, and distributed to any valid creditors left behind and to the beneficiaries of the deceased person’s estate. Please contact the national office at 86 to learn more about the Accredited Estate Planner® designation.If you have recently been appointed as an executor of an estate in Virginia or if you are drafting your will now and trying to decide whom to choose to administer your estate, this guide is for you. Photos by Kevin Quinn used with permissionĮstate Planning Council of Richmond Virginia is affiliated with the National Association of Estate Planners & Councils and joining can fulfill the requirement of belonging to an affiliated local estate planning council to become an Accredited Estate Planner® (AEP®) designee. It is an honor to serve as President of the Council and look forward to seeing everyone at the upcoming meetings. The Council must pay for each meal that is guaranteed, whether the member is present or not. ![]() If, after conveying your intent to attend a dinner meeting you find that you are not able to attend, please give us the courtesy of notifying the Secretary, Kristen Hager either by phone or e-mail, of your change in plans by the Thursday prior to the meeting. It is imperative that we all do our part to keep the Council financially sound. Long term planning is provided by former Presidents, Molly Dean Bittner and Brian Ford. Questions regarding dues or payment of guest fees should be directed to our Administrative Assistant, Jill Wood at or Treasurer, Bryan Stark. Please note that a membership application can be found on this website under the Document Library and also under "Membership>Application Form" Applications are reviewed in the order they are received as openings occur in the individual categories. ![]() We encourage you to recommend qualified individuals for membership in our organization. Our membership chairperson, Liza Bowersox, assisted by Asif Charania and their committee, work diligently to keep our roster current and our membership at full strength. We welcome your comments and suggestions as to how this tool can better serve your needs. There is a convenient membership directory that you can reference or print, as well as links to other useful websites. We hope you find this website to be a useful tool. John Duni, Vice President-Program Chair, has secured excellent presenters who will discuss timely topics of interest to our members and the clients they serve. The Executive Committee of the Estate Planning Council of Richmond (REPC) strives to provide its members with informative speakers and opportunity for fellowship.
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