Effect of registration in beneficiary form · as in force on May 31, 2026
§ 13-4.6 Effect of registration in beneficiary form
(a) The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner's death. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or all then surviving owners without the consent of the beneficiary.
(b) A registration in beneficiary form can be revoked or amended by an express direction in the owner's will which specifically refers to such registration.
A TOD designation does not change ownership before death and may be canceled or changed by the sole owner or all surviving owners without beneficiary consent. ★ A will may revoke or amend it only through an express direction specifically referring to the registration.
Marked in the text: penalties, time limits, sums of money. Editorial emphasis added by this edition; it does not appear in the statute as enacted.
This provision appears in Volume 1 — The Surrogate's Court in Plain English; Volume 3 — The Surrogate's Court: Court Rules & the EPTL; Volume 5 — Your Career: Surrogate's Court in Plain English.