Vermont § 1210 Claims not due and contingent or unliquidated claims

Vermont Statutes

§ 1210 — Claims not due and contingent or unliquidated claims

Vermont § 1210

Title 14Title 14: Decedents' Estates and Fiduciary Relations

Ch. 66Chapter 066: Settlement of Claims

This text of Vermont § 1210 (Claims not due and contingent or unliquidated claims) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 14, § 1210 (2026).

Text

(a)If a claim that will become due at a future time or a contingent or unliquidated claim becomes due or certain before the distribution of the estate, and if the claim has been allowed or established by a proceeding, it is paid in the same manner as presently due and absolute claims of the same class.

(b)In other cases the executor or administrator, or, on motion of the executor or administrator or the claimant, in a proceeding for the purpose, the Probate Division of the Superior Court, may provide for payment as follows:

(1)If the claimant consents, he or she may be paid the present or agreed value of the claim, taking any uncertainty into account.

(2)Arrangement for future payment, or possible payment, on the happening of the contingency or on liquidation may be made by creating a

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(a) If a claim that will become due at a future time or a contingent or unliquidated claim becomes due or certain before the distribution of the estate, and if the claim has been allowed or established by a proceeding, it is paid in the same manner as presently due and absolute claims of the same class.
(b) In other cases the executor or administrator, or, on motion of the executor or administrator or the claimant, in a proceeding for the purpose, the Probate Division of the Superior Court, may provide for payment as follows:
(1) If the claimant consents, he or she may be paid the present or agreed value of the claim, taking any uncertainty into account.
(2) Arrangement for future payment, or possible payment, on the happening of the contingency or on liquidation may be made by creating a trust, giving a mortgage, obtaining a bond or security from a distributee, or otherwise. (Added 1975, No. 240 (Adj. Sess.), § 7; amended 1985, No. 144 (Adj. Sess.), § 63; 2009, No. 154 (Adj. Sess.), § 238a, eff. Feb. 1, 2011.)