Disclaimer of Interest Form - Bennington County
Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 9/7/2018
Disclaimer of Interest Guide - Bennington County
Line by line guide explaining every blank on the form.
Included document last updated 9/12/2018
Completed Example of the Disclaimer of Interest Document - Bennington County
Example of a properly completed form for reference.
Included document last updated 9/10/2018
*Vermont and Bennington County supplemental forms are included as a courtesy with your order.
Under the Vermont Statutes, the beneficiary of an interest in property may disclaim the gift, either in part or in full (14 V.S.A. 1951 to 1957). Note that the option to disclaim is only available to beneficiaries who have not acted in any way to indicate acceptance or ownership of the interest ( 1955).
The document must be in writing and include a description of the interest, a declaration of intent to disclaim all or a defined portion of the interest, and be signed by the disclaimant ( 1953).
Deliver the disclaimer within nine months of the transfer (e.g., the death of the creator of the interest), either in person or by registered mail, to any personal representative or other fiduciary of the decedent, to the holder of legal title, or to the person subsequently entitled to the property. In addition, file a copy of the disclaimer in the probate division of the superior court that has jurisdiction over proceedings regarding the estate of the deceased donor ( 1952). If real property is involved, avoid any ambiguity regarding the chain of title by recording a copy of the document in the land records of the town in which the property is located ( 1952 (e)).
A disclaimer is irrevocable and binding for the disclaiming party as well as for his or her creditors ( 1954), so be sure to consult an attorney when in doubt about the drawbacks and benefits. If the interest arises out of jointly-owned property, seek legal advice as well.
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Worked Just fine. Had to add a Drafted By area
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Easy to fill-out form. Helped me versus coontacting a lawyer to accomplish the same process..
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