NJ Motor Vehicle Owners Can Now Designate a TOD Beneficiary
Dealing with death and probate is never easy. However, over the past decade, New Jersey has done a number of little things to make various parts of the probate and estate administration process more manageable. In 2016, NJ adopted the Uniform Trust Code, which makes it much easier to modify an irrevocable trust without having to go to Court. In 2018, NJ repealed its state estate tax. Now, NJ motor vehicle owners can designate a transfer on death beneficiary.