Questions & Answers

What is a life estate holder?

A life estate holder is a person who holds an interest in a property for the duration of selected person's life. When the selected person dies, ownership of the property returns to the original owner.

A person who holds a life estate interest in a property that he or she occupies as a principal residence must file a Vermont Homestead Declaration.

A person who holds a life estate interest in a property that he or she occupies as a principal residence may make a Property Tax Credit Claim as if the life estate holder was the owner of the property. The deed does not have to be attached to the Property Tax Credit Claim but must be available for review upon request from the Vermont Department of Taxes.

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