The Risks of Simplicity: Understanding Transfer on Death Deeds in New York | Bleakley Platt While the transfer on death deed has its place, it is not a substitute for a professionally drafted Will or Trust.

#TODdeeds have benefits like simple transfers and reduced costs but are no substitute for comprehensive estate planning. They create financial, asset, and marketability risks. Learn more about these pitfalls when you read our blog on the topic.

While #TODdeeds allow homeowners to designate who automatically inherits real property at death, their simplicity creates significant risk of poorly executed or incorrectly integrated estate instruments. BPS’ #TrustsAndEstates Practice Group can help. www.bpslaw.com/practice/tru...