One significant limitation of a Transfer on Death deed (TODD) in New York is that it does not apply to cooperative apartments. According to RPL § 424(1)(e), the term “property” refers to "real property" that can be transferred upon the owner’s death. This means coop owners need to consider other estate planning tools.
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Hani Sarji
New York lawyer who cares about people, is fascinated by technology, and is writing his next book, Estate of Confusion: New York.
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