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Commonly Asked Questions about Transfer on Death Deed Form

A Transfer on Death Deed can be a great way to ensure your loved ones or Beneficiaries get the inheritance you intend. It streamlines the process, allowing for a simple transfer of property ownership without the headache, cost and time that probate requires.
Although a transfer on death deed appears to have simplicity, there are many shortcomings. The first of which is that, if the named beneficiary dies before the property owner does, the deed becomes invalid. The property could then fall into probate upon the owners death.
Upon the death of an owner of registered real property, it shall be incumbent upon the executor or administrator of the estate of the deceased, to present to the registrar a petition on the annexed form, for the transfer of title into the name of the executor or administrator, or upon filing of a deed executed by the
New York Real Property Law, Chapter 50, Article 12, Section 424. This law was adopted on April 28, 2024, providing an additional legal method to dispose of real property upon the death of the owners entitled a Transfer on Death Deed, referred to herein as a TOD deed.
Which states allow transfer on death deeds? Alaska. Arizona. Arkansas. California. Colorado. District of Columbia. Hawaii. Illinois.
This new section is titled, Transfer on Death Deed Law, and was adopted by New York State on April 20, 2024. The Transfer on Death Deed Law permits an individual to transfer property to one or more beneficiaries effective at the transferors death by a transfer on death deed.