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VermontS.32025-2026 SessionSenate

An act relating to the transfer of property to a trust

Sponsored By: Nader A Hashim (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Spouses keep creditor protection in trusts

Beginning April 24, 2025, Vermont spouses retain creditor protection when transferring property owned as tenants by the entirety into trusts. This married-couple ownership protection covers either spouse’s separate creditors, including in bankruptcy, and also protects sale or other disposal proceeds. Joint or separate trusts qualify, whether revocable or irrevocable. The property must remain the spouses’ property, held in trust or deeded back to them as tenants by the entirety. Both spouses must be current beneficiaries of a joint trust holding the whole property. Alternatively, each must be a current beneficiary of a separate trust, with both trusts together holding the whole property. Other beneficiaries are allowed. For joint trusts, either spouse must be able to revoke the trust alone, but changes require both spouses. Protection applies unless the transferring trust creator or creators opt out in writing, and ends when a court dissolves the marriage. It covers trusts and transfers from before, on, or after April 24, 2025, and trust court proceedings started on or after that date.

Sponsors & Cosponsors

Sponsor

  • Nader A Hashim

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 143 • No: 1

House vote • 4/10/2025

Which was agreed to on a Roll Call Passed -- Needed 72 of 144 to Pass -- Yeas = 143, Nays = 1

Yes: 143 • No: 1 • Other: 1

Actions Timeline

  1. Senate Message: Signed by Governor April 24, 2025

    4/24/2025Senate

  2. Signed by Governor on April 24, 2025

    4/24/2025Senate

  3. Delivered to Governor on April 18, 2025

    4/18/2025Senate

  4. As passed by Senate and House

    4/15/2025Senate

  5. House message: House passed bill in concurrence

    4/15/2025House

  6. Read third time and passed in concurrence

    4/11/2025House

  7. Action Calendar: Third Reading

    4/11/2025House

  8. Which was agreed to on a Roll Call Passed -- Needed 72 of 144 to Pass -- Yeas = 143, Nays = 1

    4/10/2025House

  9. Third Reading ordered

    4/10/2025House

  10. Rep. LaLonde of South Burlington demanded yeas and nays

    4/10/2025House

  11. Rep. Canfield of Fair Haven recommended for the Committee on Ways and Means

    4/10/2025House

  12. Rep. Goodnow of Brattleboro reported for the Committee on Judiciary

    4/10/2025House

  13. Read second time

    4/10/2025House

  14. Action Calendar: Favorable

    4/10/2025House

  15. Notice Calendar: Favorable

    4/9/2025House

  16. Referred to Committee on Ways and Means per Rule 35(a)

    4/2/2025House

  17. Notice Calendar: Favorable

    4/2/2025House

  18. Read first time and referred to the Committee on Judiciary

    3/11/2025House

  19. Read 3rd time & passed

    2/27/2025Senate

  20. New Business/Third Reading

    2/27/2025Senate

  21. 3rd reading ordered

    2/26/2025Senate

  22. Recommendation of amendment by Committee on Judiciary agreed to

    2/26/2025Senate

  23. Read 2nd time, reported favorably with recommendation of amendment by Senator Hashim for Committee on Judiciary

    2/26/2025Senate

  24. Favorable report with recommendation of amendment by Committee on Judiciary

    2/26/2025Senate

  25. Unfinished Business/Second Reading

    2/26/2025Senate

Bill Text

  • As Enacted (ACT 7)Opens in a new window

    4/30/2025

    PDF

  • As Passed by Both Chambers

    4/17/2025

    PDF

  • As Passed by Both Chambers (Unofficial)

    4/17/2025

    PDF

  • As Passed by the Senate

    2/28/2025

    PDF

  • As Passed by the Senate (Unofficial)

    2/28/2025

    PDF

  • As Introduced

    1/8/2025

    PDF

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