Wills and estates; claims to exempt property and allowances; title to real estate of a bona fide purchaser. Directs that any election to take a family allowance, exempt property, or homestead allowance be made one year after the (i) time of admission of a decedent's will to probate or (ii) qualification of an administrator of the decedent's intestate estate, whichever is later. Current law requires such election of exempt property or allowances to be made within one year of the decedent's death. The bill also provides that the title to real estate of a bona fide purchaser acquired without notice of such election shall not be affected by such election unless such election is recorded in the appropriate circuit court clerk's office within one year after the decedent's death.

Statutes affected:
Introduced: 64.2-313
Courts of Justice Substitute: 64.2-313
Civil Subcommittee Substitute: 64.2-313
Enrolled: 64.2-313
Chaptered: 64.2-313