The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 14 V.S.A. § 1723)
-
§ 1723. Advancement; how asserted; what constitutes
An interested party may assert a claim that the decedent made a transfer during life
that was an advancement. The party making the claim shall have the burden of proving
it. Real or personal estate given by a decedent during the decedent’s lifetime shall
be reckoned toward the share of the decedent’s estate otherwise allocable to the person
to whom the lifetime gift was made as an advancement, and for that purpose shall be
considered a part of the estate, if any of the following apply:
(1) The decedent declares in a writing, signed in the presence of and subscribed by two
disinterested persons, that a gift or grant was made as an advancement.
(2) The gift or grant is acknowledged in a signed writing as an advancement by the recipient
of the gift or grant. (Amended 2017, No. 195 (Adj. Sess.), § 10.)