Bill > A06011

This bill establishes a comprehensive process for farmers to designate transfer-on-death beneficiaries for farming implements, allowing owners to specify who will inherit their agricultural equipment upon their death without going through probate. The bill defines "farm implements" broadly, including tractors, agricultural machinery, harvesting equipment, and specific farm-related accessories like grain dryers, milk coolers, and auxiliary power generators. To designate a beneficiary, an owner must file a document with the commissioner of agriculture and markets that includes the owner's name, the beneficiary's name, and a statement that the transfer is only effective upon the owner's death. The document must be signed by the owner(s), witnessed by at least two people (with at least one disinterested witness), and can designate primary and contingent beneficiaries. Importantly, the owner can cancel or change the beneficiary designation at any time without the beneficiary's consent, and the designation does not affect current ownership. Upon the owner's death, the farm implement transfers to the designated beneficiary, subject to any existing liens, or becomes part of the owner's estate if no beneficiary survives. The bill also specifies that this transfer mechanism is not considered a testamentary disposition and cannot be overridden by a will.

Agriculture and Natural Resources

https://www.nysenate.gov/legislation/bills/2025/A6011