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2005 Vermont Code - § 1305. — Dissolution of a reciprocal beneficiaries relationship

§ 1305. Dissolution of a reciprocal beneficiaries relationship

(a) Either party to a reciprocal beneficiaries relationship may terminate the relationship by filing a signed notarized declaration with the commissioner.

(b) Within 60 days of the filing of the declaration and payment of a filing fee of $10.00 by a party to a reciprocal beneficiaries relationship, the commissioner shall file the declaration and issue a certificate of termination of a reciprocal beneficiaries relationship to each party of the former relationship.

(c) If a party to a reciprocal beneficiaries relationship enters into a valid civil union or a marriage, the reciprocal beneficiaries relationship shall terminate and the parties shall no longer be entitled to the benefits, protections and responsibilities of the reciprocal beneficiaries relationship. (Added 1999, No. 91 (Adj. Sess.), § 29.)

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