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Terms Used In Vermont Statutes Title 14 Sec. 1054

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

§ 1054. Assets not inventoried

Wearing apparel of the deceased or any other member of the household, and provisions and other articles to be consumed or used in the subsistence of the household, shall not be considered as assets of the estate unless, after hearing upon motion, the court finds that an item has intrinsic value in addition to its value for wear or subsistence, or that its inclusion in inventory would otherwise benefit the estate. (Amended 2009, No. 154 (Adj. Sess.), § 238a, eff. Feb. 1, 2011; 2017, No. 195 (Adj. Sess.), § 6.)