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Senate Judiciary reviews bill to modernize Vermont's "disclaimer" rules, removing 9-month state deadline
Summary
Senate Judiciary on Feb. 10 heard testimony on S.179, a bill to replace Vermont's disclaimer statute with updated, Uniform Law-based rules that remove the state's 9-month timing requirement and add detailed procedures for disclaimers of joint interests, trusts, powers of appointment and real property.
Senate Judiciary convened Feb. 10 to hear testimony on S.179, a proposed update to Vermont's disclaimer statute that would untether state law from a nine-month timing requirement tied to federal tax treatment and add detailed procedures for disclaimers of jointly held property, trusts and other interests.
The hearing opened with the chair noting the committee had the bill in front of it but lacked a legislative council walkthrough and was missing the packet's last three pages. The committee called as its first witness Matt Geddy, an attorney in Rutland who said he chaired the Vermont Bar Association study committee that reviewed the Uniform Disclaimer Act and adapted it for Vermont.
Geddy told the committee the core change in S.179 is to remove the state-level requirement that disclaimers be made within nine months of a…
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