Form VT-007 Transfer on Death - Vermont

What Is Form VT-007?

This is a legal form that was released by the Vermont Department of Motor Vehicles - a government authority operating within Vermont. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form VT-007 Transfer on Death?
A: Form VT-007 Transfer on Death is a legal document used in the state of Vermont to transfer ownership of real property upon the death of the owner.

Q: What is the purpose of Form VT-007 Transfer on Death?
A: The purpose of Form VT-007 Transfer on Death is to ensure a smooth transfer of real property to the designated beneficiary without the need for probate.

Q: Who can use Form VT-007 Transfer on Death?
A: Any individual who owns real property in Vermont can use Form VT-007 Transfer on Death to designate a beneficiary for the property.

Q: How do I fill out Form VT-007 Transfer on Death?
A: Form VT-007 Transfer on Death requires you to provide information about the property, the owner, and the designated beneficiary. It also requires the signature of the property owner.

Q: Do I need a lawyer to use Form VT-007 Transfer on Death?
A: While it is not required to have a lawyer, it is recommended to seek legal advice to ensure the proper completion and execution of Form VT-007 Transfer on Death.

Q: Is Form VT-007 Transfer on Death revocable?
A: Yes, the property owner can revoke or change the designation of the beneficiary at any time.

Q: What happens to Form VT-007 Transfer on Death upon the owner's death?
A: Upon the owner's death, the designated beneficiary can claim ownership of the property by submitting a certified copy of the owner's death certificate and an affidavit of surviving owner to the appropriate county authority.