Bennington County Enhanced Life Estate Warranty Deed Forms (Vermont)

Form Package

Enhanced Life Estate Warranty Deed

State

Vermont

Area

Bennington County

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$27.97

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Included Forms

All Bennington County specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following Vermont and Bennington County supplemental forms are included as a courtesy with your order.

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Areas Covered by These Enhanced Life Estate Warranty Deed Forms:

• Bennington County

Including:

• Arlington
• Bennington
• Bondville
• Dorset
• East Arlington
• East Dorset
• Manchester
• Manchester Center
• North Bennington
• North Pownal
• Peru
• Pownal
• Readsboro
• Rupert
• Shaftsbury
• Stamford
• West Rupert

What is the Vermont Enhanced Life Estate Warranty Deed

Using Enhanced Life Estate Deeds in Vermont

Owners of real property located in Vermont have access to a useful estate planning document: the Enhanced Life Estate Deed.

In most cases, traditional warranty or quitclaim deeds convey a present interest in property, meaning that as soon as the grantor (seller) signs the deed, the grantee (buyer) owns the land. One way to forestall the transfer is to use a life estate, which allows the owner to keep possession until death. The grantee becomes what's known as a remainderman, or someone who holds a remainder interest in the property during the owner's life. To protect that interest, the grantee must agree to changes in the property's use. Note that transfers initiated under traditional deeds and life estates are permanent.

Enhanced life estate deeds, also known as Ladybird or Granai deeds, convey a revocable future interest in real estate, with the transfer of the remaining title rights to take place when the grantor (owner) dies. These deeds reserve all present ownership rights for the owners, including the right to sell, lease, mortgage or convey the property, with no obligation for notice to or authorization from the grantees.

Vermont's Ladybird deeds transfer the property outside of the owner's will, without the need for probate. Even so, to avoid unnecessary complications, owners should make sure there are no conflicting bequests in their wills.

Enhanced life estate deeds offer a flexible, convenient tool for a comprehensive estate plan, but they may not be appropriate in all cases. Contact an attorney with specific questions or for complex situations.

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The documents you receive here will meet, or exceed, the Bennington County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

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