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Committee endorses S.3 to preserve tenancy-by-the-entirety protections for property placed in trusts
Summary
The Judiciary Committee voted to report S.3 favorably to the floor. The bill would allow married property owners in Vermont to place real property into trusts while preserving tenancy-by-the-entirety protections that block unilateral creditor attachment.
The Judiciary Committee on April 1 voted to report S.3 favorably to the full chamber. The motion — made to "find S.3 as passed by the senate favorable" — was moved by Angela and seconded; the roll call recorded at least eight members voting yes and the motion carried.
The measure is written to let married couples transfer real property into trusts without losing tenancy-by-the-entirety protections, a form of ownership that generally prevents…
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