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13 chapters · 316 sections in this title.
27 V.S.A. ch. 006, § 651 Short title
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§ 651. Short title This chapter shall be known as the “Enhanced Life Estate Deed Act” or the “ELED Act”. (Added 2019, No. 145 (Adj. Sess.), § 1, eff. July 13, 2020.)
27 V.S.A. ch. 006, § 652 Application of chapter
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§ 652. Application of chapter This chapter applies to deeds in which a grantor reserves a common law life estate interest in real property while expressly reserving rights such that the deed creates a contingent remainder interest in the grantee. (Added 2019, No. 145 (Adj. Sess.)…
27 V.S.A. ch. 006, § 653 Definitions
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§ 653. Definitions In this chapter, unless a deed indicates an intention to the contrary: (1) “Convey” means to grant, sell, gift, lease, transfer, or encumber real property, with or without consideration, including the ability to revise or revoke a deed. (2) “Enhanced life estat…
27 V.S.A. ch. 006, § 654 Execution and recording of an enhanced life estate deed
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§ 654. Execution and recording of an enhanced life estate deed (a) Subject to the rights expressly reserved in the deed, a validly executed and recorded ELE deed does not: (1) affect the ownership rights of the grantor or the grantor’s creditors; (2) transfer or convey any presen…