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Terms Used In Vermont Statutes Title 14 Sec. 1069

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • real estate: shall include lands, tenements, and hereditaments and all rights thereto and interests therein, and pews or slips in places of public worship shall be treated as real estate. See

§ 1069. Waiver of final accounting

If an estate has been open for at least six months and the remaining assets include no real estate, a final accounting may be waived if the executor or administrator files with the court:

(1) the fiduciary‘s verified representation that all claims and all other obligations of the estate have been satisfied;

(2) a schedule of remaining assets to be distributed;

(3) a schedule of proposed distribution;

(4) a waiver of a final accounting and consent to the proposed distribution by all interested parties; and

(5) a tax clearance from the Vermont Department of Taxes. (Added 2017, No. 195 (Adj. Sess.), § 6.)