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Enhanced Life Estate Warranty Deed Form - Caledonia County
Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 2/28/2020
Enhanced Life Estate Warranty Deed Guide - Caledonia County
Line by line guide explaining every blank on the form.
Included document last updated 3/17/2020
Completed Example of the Enhanced Life Estate Warranty Deed Document - Caledonia County
Example of a properly completed form for reference.
Included document last updated 3/10/2020
*The Following Vermont and Caledonia County supplemental forms are included as a courtesy with your order.
Vermont Disclosure Statement
This form is required to be filed with the local recorder if the property is being divided or partitioned. The form is complete and comes with line-by-line instructions.
Transfer Tax
A required form "Property Transfer Tax" (PTT-172) should be filed online through myVTax, the Department's online filing and paying system. If you file through myVTax, you'll always be using the most current form. If due, the online system will apply the correct tax rate.
Homestead Exemption
If you are a residential property owner in Vermont, you may qualify for a homestead exemption, this could reduce you property taxes significantly.
Notary Certificates
The supplemental forms in this section can be used as loose certificates by notaries in the state.
Including:
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.
Get your Caledonia County Enhanced Life Estate Warranty Deed form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties.
The documents you receive here will meet, or exceed, the Caledonia 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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April 3rd, 2020
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