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Vermont Statutes Title 27. Property, § 655. Acceptance or consideration not required; conveyance not permitted

Current as of January 01, 2024 | Updated by Findlaw Staff

(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 which attempts to do so is void.

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Cite this article: FindLaw.com - Vermont Statutes Title 27. Property, § 655. Acceptance or consideration not required; conveyance not permitted - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-27-property/vt-st-tit-27-sect-655/

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