We are catching up to states like Texas that already permit Transfer on Death Deeds!
In a significant shift for estate planning in New York, the New York State Real Property Law has been amended to include Section 424, which introduces the Transfer on Death (TOD) Deed. Effective July 19, 2024, this new provision offers a streamlined method for transferring real estate to beneficiaries, bypassing the often cumbersome probate process.
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