VA HB307

Creates a new process for personal representatives of estates to publish notice to creditors, requiring publication once weekly for two consecutive weeks in a local newspaper and direct mail to known disputed claimants

Establishes that creditors must file claims within the later of six months from first publication or 90 days after receiving mailed notice, with claims required to be in writing stating the amount, basis, and claimant's contact information

Limits personal representative and surety liability for untimely claims to only the remaining estate assets available at the time a late claim is presented, rather than full personal liability

Requires personal representatives to file an affidavit with the court within 30 days of completing publication, documenting proof of notice and listing all persons notified

Protects personal representatives acting in good faith from liability for giving or failing to give notice under the new procedures, and preserves the existing five-year right of creditors to seek refunds from legatees or distributees