Terms Used In Virginia Code > Title 38.2 > Chapter 13 > Article 2 - Valuation and Admissibility of Assets

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Commission: means the State Corporation Commission. See Virginia Code 38.2-100
• Insurer: means an insurance company. See Virginia Code 38.2-100
• Legatee: A beneficiary of a decedent
• Person: includes any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or any other legal or commercial entity and any successor, representative, agent, agency, or instrumentality thereof. See Virginia Code 1-230
• Personal representative: includes the executor of a will or the administrator of the estate of a decedent, the administrator of such estate with the will annexed, the administrator of such estate unadministered by a former representative, whether there is a will or not, any person who is under the order of a circuit court to take into his possession the estate of a decedent for administration, and every other curator of a decedent's estate, for or against whom suits may be brought for causes of action that accrued to or against the decedent. See Virginia Code 1-234