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State court of last resort · ST-VA-SC
Sexton v. Cornett
No. 050643Supreme Court of Virginia
050643 Sexton v. Cornett 01/13/2006 Code §§ 51.1-124.4, 51.1-510 and 38.2-3339, which exempt certain life insurance proceeds and vested retirement benefits from legal process, remain in effect as exceptions to…
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050643 Sexton v. Cornett 01/13/2006 Code §§ 51.1-124.4, 51.1-510 and 38.2-3339, which exempt certain life insurance proceeds and …
- Court
- Supreme Court of Virginia
- First seen
- Oct 4, 2026
- Last entry
- Jan 13, 2006
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Docket entry
050643 Sexton v. Cornett 01/13/2006 Code §§ 51.1-124.4, 51.1-510 and 38.2-3339, which exempt certain life insurance proceeds and vested retirement benefits from legal process, remain in effect as exceptions to the application of the more recently enacted augmented estate laws. Thus the rights of beneficiaries of a decedent's Virginia Retirement System life insurance and retirement benefits are unaffected by the augmented estate laws. In a contested estate case, those exempt assets did not become a part of the augmented estate, and their value should not be added to it. The judgment of the trial court is affirmed.
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