Vermont S0003 protects property held by spouses as tenants by the entirety from creditor claims when transferred to a trust.
Vermont S0003 amends the state's trust laws to ensure that property owned by spouses as tenants by the entirety retains its immunity from creditor claims when transferred into a trust. This immunity applies if the spouses are married, the property is held in the trust, and the trust is revocable by either spouse but amendable only by both. The immunity ceases upon the dissolution of the marriage.
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