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Disadvantages. The downside is that property transferred via a lady bird deed will be subject to a new tax assessment that could (and often does) result in higher property taxes generally.

To change a deed in New York City, you will need a deed signed and notarized by the grantor. The deed must also be filed and recorded with the Office of the City Register. Transfer documents identifying if any taxes are due must also be filed and recorded with the City Register.

Moreover, this type of deed is not legal in New York. A lady bird deed is only used in Florida, Texas, Michigan, Vermont, and West Virginia.

In New York, real estate cannot be transferred via TOD deeds. Instead, property owners often use other mechanisms such as joint ownership or trusts to avoid probate. Consulting with an experienced estate planning attorney is recommended to explore the best options for your circumstances.

It makes it unlawful for an agent to directly or indirectly recruit a student athlete by giving any false or misleading information, making a false promise or representation, or providing anything of value to a student athlete, or anyone associated with the athlete, before he or she has entered into an agency contract.

The Sports Agent Responsibility and Trust Act (?SPARTA?) was signed into law by President Bush on September 24, 2004. The law imposes strict standards for agents' conduct relating to recruiting and contracting with student-athletes.