Upon the death of an owner of a registered motor vehicle, trailer, or semitrailer, its registration shall continue in force as a valid registration until (i) the end of the registration period for which the license plates or decals are issued or (ii) the ownership of the motor vehicle, trailer, or semitrailer is transferred before the end of the registration period by the executor or administrator of the estate of the deceased owner or by a legatee or distributee of the estate, as provided in § 46.2-632 or 46.2-633, (iii) its ownership is transferred to a new owner before the end of the registration period by the survivor of its two joint owners, or (iv) its ownership is transferred pursuant to § 46.2-633.2.