CHAPTER 337

Act to amend and reenact § 26-12 of the Code of Virginia, relating
to filing of inventories by certain fiduciaries in the administration of
estates and the cost of determining the value of property in such
estates. :

[S 60]

Approved April 1, 1966

Be it enacted by the General Assembly of Virginia:

That § 26-12 of the Code of Virginia be amended and reenacted as
ws:

§ 26-12. Every personal representative, guardian, curator or com-
ee, shall, within four months after the date of the order conferring his
ority, return to the commissioner of accounts, under his oath and
roper form, an inventory of all the personal and real estate which * ¢s
er his supervision and control, and all other property of the estate
which he has knowledge; and shall, within four months, after
other such estate shall come to his possession or knowledge, return to
. commissioner a further inventory thereof’. :
In listing such property the fiduciary shall place the market value on
each item thereof unless appraisers are uppointed under § 64-126 in whitch
case such appraised values shall be used. The market value shall be deter-
mined as of the date of death if a decedent’s estate, and if not, as of the
date of qualification.

Any reasonable expense incurred in determining such values shall
be allowable as a cost of the administration of such estate.