Nontestamentary transfer on death · as in force on May 31, 2026
§ 13-4.9 Nontestamentary transfer on death
(a) A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and this part and is not testamentary.
(b) This part does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this state.
A beneficiary-form transfer at death is contractual and non-testamentary, not a will transfer. ★ Other New York law may still let the security owner’s creditors pursue beneficiaries or transferees.
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.