VT S0179

Enacts the Vermont Uniform Disclaimer of Property Interests Act as 14 V.S.A. chapter 129, allowing any person to refuse (disclaim) in whole or in part any interest in or power over property, including inheritances, trust interests, jointly held property, and powers of appointment

Permits fiduciaries (trustees, personal representatives, agents under power of attorney) and parents of minor children to disclaim property interests on behalf of others, even when spendthrift provisions or transfer restrictions exist

Requires disclaimers to be in writing, signed, describe the disclaimed interest, and be delivered to specified parties (personal representative, trustee, or court) depending on the type of property interest; real property disclaimers must be recorded in town land records

Bars disclaimers when the disclaimant has already accepted the interest, voluntarily transferred or encumbered it, waived the right to disclaim in writing, or a judicial sale has occurred

Repeals the existing 14 V.S.A. chapter 83 (prior Uniform Disclaimer of Property Interests Act) and takes effect upon passage