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Heirs in Virginia can avoid probate entirely for estates under $50,000 by using a small estate affidavit.This legal form lets one heir collect assets by swearing they’re entitled to the assets.
Virginia law says a small estate affidavit has to: Provide the name of the person who died and the date of the death. State that the value of the assets in the estate is less than $50,000.
The Tuleyries is an ante-bellum estate near White Post, Virginia. [3] History ... In March 2020, the manor house and 406 acres were listed for sale for $5 million. [7]
An estate sale may also occur because the property owner will be moving or has moved into a new residence where they will be unable to keep their property, such as an assisted living facility, a retirement community, a rest home, or the home of a family member, or in the event of divorce, foreclosure, or relocation.
There is an additional 1% local tax, for a total of a 5% combined sales tax on most Virginia purchases and a combined tax rate of 2.5% on food. [40] Virginia's property tax is set and collected at the local government level and varies throughout the commonwealth. Real estate is taxed at the local level based on 100% of fair market value ...
Belvoir was the plantation and estate of colonial Virginia's prominent William Fairfax family. Operated with the forced labor of enslaved people, [3] [4] it was located on the west bank of the Potomac River on the present site of Fort Belvoir in Fairfax County, Virginia.
Carter Hall was the Millwood, Virginia, USA [3] estate of Lt. Col. Nathaniel Burwell (1750–1814). It is located in the upper Shenandoah Valley, off Virginia Route 255 northeast of Millwood. The estate includes a grand plantation house, a great lawn, and terraced gardens, and has panoramic views in all directions. [4]
The court, by a 5–4 majority, found that the estate had been "illegally confiscated" in 1864 and ordered it returned. [29] [30] [31] But Lee was less interested in obtaining the estate than he was a cash compensation for its value. After several months of difficult negotiations, Lee and the federal government settled on a sale price of ...