{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/64.2-1632.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/64.2-1632.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/64.2-1632.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/64.2-1632.html"}],"law_id":375966,"edition_id":2,"section_id":375966,"structure_id":53464,"section_number":"64.2-1632","catch_line":"Estates, trusts, and other beneficial interests","history":"2010, cc. 455, 632, \u00a7 26-105; 2012, c. 614.","full_text":"A\n\nIn this section, “estate, trust, or other beneficial interest” means a trust, probate estate, guardianship, conservatorship, escrow, or custodianship or a fund from which the principal is, may become, or claims to be entitled to a share or payment.\n\nB\n\nUnless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to estates, trusts, and other beneficial interests authorizes the agent to:\n\n1\n\nAccept, receive, receipt for, sell, assign, pledge, or exchange a share in or payment from an estate, trust, or other beneficial interest;\n\n2\n\nDemand or obtain money or another thing of value to which the principal is, may become, or claims to be entitled by reason of an estate, trust, or other beneficial interest, by litigation or otherwise;\n\n3\n\nExercise for the benefit of the principal a presently exercisable general power of appointment held by the principal;\n\n4\n\nInitiate, participate in, submit to alternative dispute resolution of, settle, oppose, or propose or accept a compromise with respect to litigation to ascertain the meaning, validity, or effect of a deed, will, declaration of trust, or other instrument or transaction affecting the interest of the principal;\n\n5\n\nInitiate, participate in, submit to alternative dispute resolution of, settle, oppose, or propose or accept a compromise with respect to litigation to remove, substitute, or surcharge a fiduciary;\n\n6\n\nConserve, invest, disburse, or use anything received for an authorized purpose;\n\n7\n\nTransfer an interest of the principal in real property, stocks and bonds, accounts with financial institutions or securities intermediaries, insurance, annuities, and other property to the trustee of a revocable trust created by the principal as settlor; and\n\n8\n\nReject, renounce, disclaim, release, or consent to a reduction in or modification of a share in or payment from an estate, trust, or other beneficial interest.\n\n","order_by":null,"text":{"0":{"id":1403757,"text":"In this section, “estate, trust, or other beneficial interest” means a trust, probate estate, guardianship, conservatorship, escrow, or custodianship or a fund from which the principal is, may become, or claims to be entitled to a share or payment.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1403758,"text":"Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to estates, trusts, and other beneficial interests authorizes the agent to:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":1403759,"text":"Accept, receive, receipt for, sell, assign, pledge, or exchange a share in or payment from an estate, trust, or other beneficial interest;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":1403760,"text":"Demand or obtain money or another thing of value to which the principal is, may become, or claims to be entitled by reason of an estate, trust, or other beneficial interest, by litigation or otherwise;","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":1403761,"text":"Exercise for the benefit of the principal a presently exercisable general power of appointment held by the principal;","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"B4"},"5":{"id":1403762,"text":"Initiate, participate in, submit to alternative dispute resolution of, settle, oppose, or propose or accept a compromise with respect to litigation to ascertain the meaning, validity, or effect of a deed, will, declaration of trust, or other instrument or transaction affecting the interest of the principal;","type":"section","prefixes":["B","4"],"prefix":"4","entire_prefix":"B4","prefix_anchor":"B4","level":2,"prior_prefix":"B3","next_prefix":"B5"},"6":{"id":1403763,"text":"Initiate, participate in, submit to alternative dispute resolution of, settle, oppose, or propose or accept a compromise with respect to litigation to remove, substitute, or surcharge a fiduciary;","type":"section","prefixes":["B","5"],"prefix":"5","entire_prefix":"B5","prefix_anchor":"B5","level":2,"prior_prefix":"B4","next_prefix":"B6"},"7":{"id":1403764,"text":"Conserve, invest, disburse, or use anything received for an authorized purpose;","type":"section","prefixes":["B","6"],"prefix":"6","entire_prefix":"B6","prefix_anchor":"B6","level":2,"prior_prefix":"B5","next_prefix":"B7"},"8":{"id":1403765,"text":"Transfer an interest of the principal in real property, stocks and bonds, accounts with financial institutions or securities intermediaries, insurance, annuities, and other property to the trustee of a revocable trust created by the principal as settlor; and","type":"section","prefixes":["B","7"],"prefix":"7","entire_prefix":"B7","prefix_anchor":"B7","level":2,"prior_prefix":"B6","next_prefix":"B8"},"9":{"id":1403766,"text":"Reject, renounce, disclaim, release, or consent to a reduction in or modification of a share in or payment from an estate, trust, or other beneficial interest.","type":"section","prefixes":["B","8"],"prefix":"8","entire_prefix":"B8","prefix_anchor":"B8","level":2,"prior_prefix":"B7"}},"ancestry":[{"id":53464,"edition_id":2,"name":"Authority","identifier":"2","label":"article","depth":5,"order_by":2,"parent_id":53462,"metadata":{"child_laws":17,"child_structures":0},"date_created":"2026-08-02 03:16:49","date_modified":"2026-08-02 12:37:21","permalink":{"id":1502249,"object_type":"structure","relational_id":53464,"identifier":"2","token":"64.2\/IV\/B\/16\/2","url":"\/64.2\/IV\/B\/16\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53462,"edition_id":2,"name":"Uniform Power of Attorney Act","identifier":"16","label":"chapter","depth":4,"order_by":1,"parent_id":53461,"metadata":{"child_laws":43,"child_structures":4},"date_created":"2026-08-02 03:16:47","date_modified":"2026-08-02 12:37:21","permalink":{"id":1502157,"object_type":"structure","relational_id":53462,"identifier":"16","token":"64.2\/IV\/B\/16","url":"\/64.2\/IV\/B\/16\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53461,"edition_id":2,"name":"Powers of Attorney","identifier":"B","label":"part","depth":3,"order_by":2,"parent_id":53453,"metadata":{"child_laws":43,"child_structures":5},"date_created":"2026-08-02 03:16:47","date_modified":"2026-08-02 12:37:21","permalink":{"id":1502155,"object_type":"structure","relational_id":53461,"identifier":"B","token":"64.2\/IV\/B","url":"\/64.2\/IV\/B\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53453,"edition_id":2,"name":"Fiduciaries and Guardians","identifier":"IV","label":"subtitle","depth":2,"order_by":4,"parent_id":53424,"metadata":{"child_laws":215,"child_structures":27},"date_created":"2026-08-02 03:16:39","date_modified":"2026-08-02 12:37:18","permalink":{"id":1501815,"object_type":"structure","relational_id":53453,"identifier":"IV","token":"64.2\/IV","url":"\/64.2\/IV\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53424,"edition_id":2,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":136,"parent_id":null,"metadata":{"child_laws":776,"child_structures":114},"date_created":"2026-08-02 03:16:27","date_modified":"2026-08-02 12:37:05","permalink":{"id":1499783,"object_type":"structure","relational_id":53424,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":375956,"structure_id":53464,"section_number":"64.2-1622","catch_line":"Authority that requires specific grant; grant of general authority","url":"\/64.2-1622\/","token":"64.2\/IV\/B\/16\/2\/64.2-1622","metadata":false},{"id":375957,"structure_id":53464,"section_number":"64.2-1623","catch_line":"Incorporation of authority","url":"\/64.2-1623\/","token":"64.2\/IV\/B\/16\/2\/64.2-1623","metadata":false},{"id":375958,"structure_id":53464,"section_number":"64.2-1624","catch_line":"Construction of authority generally","url":"\/64.2-1624\/","token":"64.2\/IV\/B\/16\/2\/64.2-1624","metadata":false},{"id":375959,"structure_id":53464,"section_number":"64.2-1625","catch_line":"Real property","url":"\/64.2-1625\/","token":"64.2\/IV\/B\/16\/2\/64.2-1625","metadata":false},{"id":375960,"structure_id":53464,"section_number":"64.2-1626","catch_line":"Tangible personal property","url":"\/64.2-1626\/","token":"64.2\/IV\/B\/16\/2\/64.2-1626","metadata":false},{"id":375961,"structure_id":53464,"section_number":"64.2-1627","catch_line":"Stocks and bonds","url":"\/64.2-1627\/","token":"64.2\/IV\/B\/16\/2\/64.2-1627","metadata":false},{"id":375962,"structure_id":53464,"section_number":"64.2-1628","catch_line":"Commodities and options","url":"\/64.2-1628\/","token":"64.2\/IV\/B\/16\/2\/64.2-1628","metadata":false},{"id":375963,"structure_id":53464,"section_number":"64.2-1629","catch_line":"Banks and other financial institutions","url":"\/64.2-1629\/","token":"64.2\/IV\/B\/16\/2\/64.2-1629","metadata":false},{"id":375964,"structure_id":53464,"section_number":"64.2-1630","catch_line":"Operation of entity or business","url":"\/64.2-1630\/","token":"64.2\/IV\/B\/16\/2\/64.2-1630","metadata":false},{"id":375965,"structure_id":53464,"section_number":"64.2-1631","catch_line":"Insurance and annuities","url":"\/64.2-1631\/","token":"64.2\/IV\/B\/16\/2\/64.2-1631","metadata":false},{"id":375966,"structure_id":53464,"section_number":"64.2-1632","catch_line":"Estates, trusts, and other beneficial interests","url":"\/64.2-1632\/","token":"64.2\/IV\/B\/16\/2\/64.2-1632","metadata":false},{"id":375967,"structure_id":53464,"section_number":"64.2-1633","catch_line":"Claims and litigation","url":"\/64.2-1633\/","token":"64.2\/IV\/B\/16\/2\/64.2-1633","metadata":false},{"id":375968,"structure_id":53464,"section_number":"64.2-1634","catch_line":"Personal and family maintenance","url":"\/64.2-1634\/","token":"64.2\/IV\/B\/16\/2\/64.2-1634","metadata":false},{"id":375969,"structure_id":53464,"section_number":"64.2-1635","catch_line":"Benefits from governmental programs or civil or military service","url":"\/64.2-1635\/","token":"64.2\/IV\/B\/16\/2\/64.2-1635","metadata":false},{"id":375970,"structure_id":53464,"section_number":"64.2-1636","catch_line":"Retirement plans","url":"\/64.2-1636\/","token":"64.2\/IV\/B\/16\/2\/64.2-1636","metadata":false},{"id":375971,"structure_id":53464,"section_number":"64.2-1637","catch_line":"Taxes","url":"\/64.2-1637\/","token":"64.2\/IV\/B\/16\/2\/64.2-1637","metadata":false},{"id":375972,"structure_id":53464,"section_number":"64.2-1638","catch_line":"Gifts","url":"\/64.2-1638\/","token":"64.2\/IV\/B\/16\/2\/64.2-1638","metadata":false}],"previous_section":{"id":375965,"structure_id":53464,"section_number":"64.2-1631","catch_line":"Insurance and annuities","url":"\/64.2-1631\/","token":"64.2\/IV\/B\/16\/2\/64.2-1631","metadata":false},"next_section":{"id":375967,"structure_id":53464,"section_number":"64.2-1633","catch_line":"Claims and litigation","url":"\/64.2-1633\/","token":"64.2\/IV\/B\/16\/2\/64.2-1633","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-1632\/","history_text":"

This law was first created in 2010. The record of its establishment is cataloged in chapters 455<\/a> and 632<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2012, chapter 614<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1502291,"object_type":"law","relational_id":375966,"identifier":"64.2-1632","token":"64.2\/IV\/B\/16\/2\/64.2-1632","url":"\/64.2-1632\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/64.2-1632\/","token":"64.2\/IV\/B\/16\/2\/64.2-1632","dublin_core":{"Title":"Estates, trusts, and other beneficial interests","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-1632","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> In this section, “estate, trust, or other beneficial interest<\/span>” means a trust, probate estate, guardianship, conservatorship, escrow, or custodianship or a fund from which the principal<\/span> is, may become, or claims to be entitled to a share or payment. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Unless the power of attorney<\/span> otherwise provides, language in a power of attorney<\/span> granting general authority with respect to estates, trusts, and other beneficial interests authorizes the agent<\/span> to: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Accept, receive, receipt for, sell, assign, pledge, or exchange a share in or payment from an estate, trust, or other beneficial interest<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Demand or obtain money or another thing of value<\/span> to which the principal<\/span> is, may become, or claims to be entitled by reason of an estate, trust, or other beneficial interest<\/span>, by litigation<\/span> or otherwise; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Exercise for the benefit of the principal<\/span> a presently exercisable general power of appointment held by the principal<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Initiate, participate in, submit to alternative dispute resolution<\/span> of, settle, oppose, or propose or accept a compromise with respect to litigation<\/span> to ascertain the meaning, validity, or effect of a deed, will<\/span>, declaration of trust, or other instrument or transaction affecting the interest of the principal<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Initiate, participate in, submit to alternative dispute resolution<\/span> of, settle, oppose, or propose or accept a compromise with respect to litigation<\/span> to remove, substitute, or surcharge a fiduciary<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Conserve, invest, disburse, or use anything received for an authorized purpose; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> Transfer an interest of the principal<\/span> in real property<\/span>, stocks and bonds<\/span>, accounts with financial institutions or securities intermediaries, insurance, annuities, and other property<\/span> to the trustee<\/span> of a revocable trust created by the principal<\/span> as settlor; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> Reject, renounce, disclaim, release, or consent to a reduction in or modification of a share in or payment from an estate, trust, or other beneficial interest<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nESTATES, TRUSTS, AND OTHER BENEFICIAL INTERESTS (\u00a7 64.2-1632)\n\nA. In this section, “estate, trust, or other beneficial interest”\nmeans a trust, probate estate, guardianship, conservatorship, escrow, or\ncustodianship or a fund from which the principal is, may become, or claims to be\nentitled to a share or payment.\n\nB. Unless the power of attorney otherwise provides, language in a power of\nattorney granting general authority with respect to estates, trusts, and other\nbeneficial interests authorizes the agent to:\n\n 1. Accept, receive, receipt for, sell, assign, pledge, or exchange a share in\n or payment from an estate, trust, or other beneficial interest;\n\n 2. Demand or obtain money or another thing of value to which the principal is,\n may become, or claims to be entitled by reason of an estate, trust, or other\n beneficial interest, by litigation or otherwise;\n\n 3. Exercise for the benefit of the principal a presently exercisable general\n power of appointment held by the principal;\n\n 4. Initiate, participate in, submit to alternative dispute resolution of,\n settle, oppose, or propose or accept a compromise with respect to litigation\n to ascertain the meaning, validity, or effect of a deed, will, declaration of\n trust, or other instrument or transaction affecting the interest of the\n principal;\n\n 5. Initiate, participate in, submit to alternative dispute resolution of,\n settle, oppose, or propose or accept a compromise with respect to litigation\n to remove, substitute, or surcharge a fiduciary;\n\n 6. Conserve, invest, disburse, or use anything received for an authorized\n purpose;\n\n 7. Transfer an interest of the principal in real property, stocks and bonds,\n accounts with financial institutions or securities intermediaries, insurance,\n annuities, and other property to the trustee of a revocable trust created by\n the principal as settlor; and\n\n 8. Reject, renounce, disclaim, release, or consent to a reduction in or\n modification of a share in or payment from an estate, trust, or other\n beneficial interest.\n\nHISTORY: 2010, cc. 455, 632, \u00a7 26-105; 2012, c. 614.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}