Vermont § 656 Revocation; revision; mortgages

Vermont Statutes

§ 656 — Revocation; revision; mortgages

Vermont·Title 27 Title 27: Property·Ch. 6 Chapter 006: Enhanced Life Estate Deeds

(a)A grantor may revoke or revise an ELE deed.

(b)Joinder by, consent to, agreement of, or notice to the grantee of an ELE deed shall not be required for revocation or revision.

(c)The granting of a mortgage shall not operate to revoke or revise an ELE deed, but the property interests conveyed and reserved in an ELE deed shall be encumbered by the mortgage and by any future advances made pursuant to it. (Added 2019, No. 145 (Adj. Sess.), § 1, eff. July 13, 2020.)

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(a) A grantor may revoke or revise an ELE deed.
(b) Joinder by, consent to, agreement of, or notice to the grantee of an ELE deed shall not be required for revocation or revision.
(c) The granting of a mortgage shall not operate to revoke or revise an ELE deed, but the property interests conveyed and reserved in an ELE deed shall be encumbered by the mortgage and by any future advances made pursuant to it. (Added 2019, No. 145 (Adj. Sess.), § 1, eff. July 13, 2020.)

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