700-00027 Guidance: Affidavit of No Assets (Vermont)

When dealing with the probate process in Vermont, you might need to file the Affidavit of No Assets, officially noted as Form 700-00027, particularly when you are serving as the executor or personal representative of a deceased individual's estate that appears to have no assets. This form is a crucial step in declaring that the deceased left behind an estate devoid of assets, thereby suggesting no need to administer probate proceedings. Before reaching the point of completing an Affidavit of No Assets, you may have dealt with: - Filing for Letters Testamentary or Letters of Administration if initially believed assets eligible for probate exist. - Completing an inventory of the deceased's belongings, determining asset availability. - Acquiring a certified copy of the death certificate for record-keeping and form attachment purposes. The need for this form is typically triggered when it becomes evident, following the initial estate inventory and assessment, that there are no tangible assets or property to distribute or manage under probate. This documentation effectively communicates to the Vermont Superior Court Probate Division that opening an estate may not be necessary due to the lack of distributable assets.