One of the best options for avoiding probate on cars in New York is to make use of Transfer on death (TOD) accounts. This is an arrangement whereby when you, unfortunately, pass on, the ownership of the vehicle is passed onto the named potential heir without passing through probate.
If cars stay without being used for long, they depreciate. This is why probate avoidance is best for motor vehicles.
You can use the TOD to pass down ownership ofvehicles that you own, including cars, trucks, and even small boats. The process allows these vehicles to get transferred to the potential heir without having to pass through surrogate court in New York. Thissavesyour loved ones from spending a lot of time in court and any potential court fees.
The good thing is that you can set up the TOD account by yourself without involving your lawyer. You also have the opportunity to change your mind anytime you feel like. You don’t need to set this up on your own. A qualified “probate lawyer near me 11510” is ready and willing to help you do it.