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Terms Used In Vermont Statutes Title 27 Sec. 659

  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).

§ 659. Previously executed and recorded enhanced life estate deeds

Nothing in this chapter shall be construed to affect the validity of an enhanced life estate deed, a “Life Estate Deed with Reserved Powers,” a “Lady Bird Deed,” a “Medicaid Deed,” an “Italian Deed,” or similar deed executed and recorded prior to July 13, 2020. (Added 2019, No. 145 (Adj. Sess.), § 1, eff. July 13, 2020.)