Regulatory Alerts2021-05-13
Administration of Small Estates (Amendment) Act, 2021
The Legislature of the Virgin Islands enacted this amendment to update the Administration of Small Estates Act by raising the small estate threshold to twenty-five thousand dollars and specifying Virgin Islands domicile. The legislation also increases a related administrative fee to twenty-five dollars and replaces Section 8 to impose fines up to five thousand dollars or imprisonment for up to twelve months on individuals who knowingly submit false statements to the Registrar. The Governor will determine the commencement date through a Gazette proclamation, bringing these procedural and financial updates into force across the jurisdiction.
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