Virginia · Form CC-1680

Law and Jurisdiction Reference

The rules and deadlines that govern this account, and the source of truth the classification engine reads from. Jurisdiction: Virginia, Account for Decedent Estate, filed with the Commissioner of Accounts.

DRAFT · pending attorney verification

Jurisdiction

Court

Circuit Court, via the Commissioner of Accounts

Governing statutes

Va. Code 64.2-1206 and 64.2-1308 (authority for the account)
Va. Code 64.2-1300 through 64.2-1310 (settlement of fiduciary accounts)
Va. Code 64.2-1304 (time for filing accounts)
Uniform Principal and Income Act, Va. Code 64.2-1000 et seq.

Filing deadlines

Inventory (CC-1670)

Due within 4 months of qualification, stated at date-of-death values.

First Account (CC-1680)

Due within 16 months of qualification, covering a period not exceeding 12 months.

Subsequent Accounts

Filed annually, due within 16 months after the ending date of the prior 12-month period.

Curator First Account

Due within 6 months of qualification, covering a period not exceeding 4 months.

Date-of-death to qualification income

Income received between the date of death and qualification must still be accounted for.

Reconciliation

A + B + C + D - E - F - G - H = J

Internal transfers between estate accounts never feed the reconciliation.

Classification principles

Every figure must trace to a source document (source-linked).
The account must reconcile to zero before it can be exported.
Schedule I is always zero under Option B.
Schedule J carries the primary carrying value; market value is reference only.

Schedules

Assets on hand - beginning

Charge (+)

Assets on hand at the start of the period.

Beginning charge; mirrors the CC-1670 inventory.
Stated at date-of-death values, not qualification-date values.

$1,320,849.26

Adjustments

Charge (+)

Adjustments to asset values.

Records positive or negative adjustments, including unrealized market changes.
OPEN ITEM: an unrealized decrease may belong on Schedule B (per the system spec) or Schedule E (per the sample workbook). Pending Commissioner confirmation.

$1,147.83

Receipts - income received

Charge (+)

Income and receipts.

Dividends and interest earned by the estate.
Reinvested dividends are still Schedule C income.
Income earned on a predecessor account before the estate account opened is Schedule C.

$16,035.68

Gains on sale / cap-gain distributions

Charge (+)

Gains and capital-gain distributions.

Realized gains on sales of assets.
Capital-gain fund distributions are Schedule D.

$278,884.83

Losses realized on sale

Discharge (-)

Losses on sales.

Realized losses on sales of assets.

$4,610.05

Disbursements - expenses paid

Discharge (-)

Disbursements and expenses paid.

Attorney fees and personal-representative fees are Schedule F, never Schedule H.
Fiduciary income tax, funeral and final expenses, and Commissioner filing fees are Schedule F.

$132,380.08

Distributions to beneficiaries

Discharge (-)

Distributions to beneficiaries.

True distributions to beneficiaries only, each carrying a Note.
Executor checks that merely collect or move estate assets are principal transfers, not Schedule G.

$5,337.25

Personal representative compensation

Discharge (-)

Personal representative compensation.

Per the system spec, personal-representative and attorney fees are recorded on Schedule F, so Schedule H is typically zero for this estate.
Used only if PR compensation is taken here rather than on Schedule F.

$0.00

Assets on hand at end

Reconciliation target

Assets on hand at the end of the period.

Carrying value is primary; market value is shown as reference only.
This is the reconciliation target.

$1,474,590.22

Synthetic demonstration data. Not legal, tax, or accounting advice; not for filing.