Wednesday, June 13, 2012
Making it easier for an Executor or Trustee from another state to transfer real estate located in Virginia
When a non-resident of Virginia dies owning real estate in Virginia, it is now easier for the person who qualifies as executor or trustee in that other state where the will is probated to transfer property in Virginia to the beneficiary named in the will. The out-of-state Executor or Trustee will need to have an authenticated copy of the will admitted to probate in the Virginia county or city where the real estate is located, but if they meet the requirements of the new Virginia statute, they will not have to qualify again as Executor or Trustee in Virginia. This helpful new law is effective July 1, 2012.