Vermont Statutes Title 14 Sec. 2803
Terms Used In Vermont Statutes Title 14 Sec. 2803
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Personal estate: shall include all property other than real estate. See
- Probate: Proving a will
- real estate: shall include lands, tenements, and hereditaments and all rights thereto and interests therein, and pews or slips in places of public worship shall be treated as real estate. See
§ 2803. Court may order personalty sold and proceeds invested in real estate
(a) On motion of a guardian, a ward, or relative of a ward, or of a person interested in a ward’s estate, by order, the Probate Division of the Superior Court may authorize or require the guardian to sell and transfer stock or other personal estate of the ward, collect demands, and invest in real estate the proceeds and the monies in the hands of the guardian, if the court deems it beneficial to the ward.
(b) The court shall schedule a hearing and notice shall be given as provided by the Rules of Probate Procedure. (Amended 1979, No. 76, § 8; 1985, No. 144 (Adj. Sess.), § 136; 2009, No. 154 (Adj. Sess.), § 238a, eff. Feb. 1, 2011.)