Dying without a will in Vermont doesn't mean your estate is up for grabs. Vermont law decides who inherits for you, based on your marital status and family, according to intestate succession. Here's how that plays out. Vermont's rules don't distinguish between finely graded blended-family scenarios the way some other states do, which can help keep things simple.
Your spouse inherits your entire estate.
Your children inherit all of your assets, divided equally.
Your parents inherit your estate. If neither parent survives, your siblings inherit next.
Your property reverts to the state of Vermont. This does not happen often as the state will conduct a broad search for even distant relatives before ever closing out your estate.
If you die without a will in Vermont, your estate may still avoid full probate if the personal property is valued at $45,000 or less and you owned no Vermont real estate other than a timeshare. Larger estates go through the Probate Division of the Superior Court. Vermont imposes a state estate tax on estates over $5 million, at a flat 16% rate on the amount above the exemption, one of the higher rates among states with an estate tax. Vermont has no inheritance tax.
To learn more about probate in Vermont, visit our in-depth article.
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