§ 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 which attempts to do so is void. (Added 2019, No. 145 (Adj. Sess.), § 1, eff. July 13, 2020.)
Structure Vermont Statutes
Chapter 6 - Enhanced Life Estate Deeds
§ 654. Execution and recording of an enhanced life estate deed
§ 655. Acceptance or consideration not required; conveyance not permitted
§ 656. Revocation, revision, mortgages
§ 657. Execution by guardian; use of power of attorney
§ 658. Death of grantee prior to death of grantor
§ 659. Previously executed and recorded enhanced life estate deeds