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2023 Vermont Statutes
Title 27 - Property
Chapter 6 - Enhanced Life Estate Deeds
§ 655. Acceptance or consideration not required; conveyance not permitted
Universal Citation: 27 V.S.A. § 655
§ 655. Acceptance or consideration not required; conveyance not permitted
(a) An enhanced life estate deed is effective without:
(1) acceptance by the designated grantee during the grantor’s life; or
(2) consideration.
(b) A grantee named in an ELE deed shall not convey the grantee’s contingent remainder interest during the grantor’s lifetime, and any conveyance that attempts to do so is void. (Added 2019, No. 145 (Adj. Sess.), § 1, eff. July 13, 2020.)
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