Vt. Stat. tit. 27 § 655

Current through L. 2024, c. 185.
Section 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.

27 V.S.A. § 655

Added 2019, No. 145 (Adj. Sess.) , § 1, eff. 7/13/2020.