Acceptance or consideration not required; conveyance not permitted
Known as the Enhanced Life Estate Deed Act
The act spans §§ 27–27 (10 sections).
Added 2019, No. 145 (Adj
(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.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.