New York State’s Transfer on Death Deed law goes into effect in July 2024. The new law allows New York State residents to designate a beneficiary during their lifetime who will automatically inherit their estate upon their death. The advantage of this approach is that its simplicity is attractive: the property can be transferred quickly after death, avoiding the cumbersome probate process. However, since the new law has just come into effect, it still has its shortcomings. Fo