A Vermont enhanced life estate deed (aka “lady bird deed”) allows a real estate owner to name a grantee who will inherit their property after their passing. This type of deed transfers the grantor’s interest in the property without any probate administration, in contrast to naming a beneficiary in a will.
The owner who executes an enhanced life estate deed retains their property rights, meaning they can convey and lease the property without the grantee’s consent. Furthermore, a grantor may revoke a recorded enhanced life estate deed at any time during their lifetime.
- Statutes: Title 27, Chapter 6 – Enhanced Life Estate Deeds
- Formatting: No state-wide requirements. Local filing information may be obtained from the city/town/county clerk.
- Signing Requirements (§ 341(a)): Notary Public
- Where to Record (§ 402): City/Town/County Clerk’s Office
- Recording Fees (§ 1671(a)(6)): $15 per page