Oklahoma HB3500 amends probate procedure to remove the nine-month requirement for accepting property via transfer-on-death deed.

Oklahoma HB3500 amends the state's probate procedure by removing the nine-month requirement for accepting property through a transfer-on-death deed. This change applies to record owners who passed away before November 1, 2023. The bill modifies the Nontestamentary Transfer of Property Act to allow a beneficiary to accept the property on behalf of others if they execute a beneficiary affidavit. The affidavit must verify the record owner's death, confirm the marital status at the time of death, and include a legal description of the real estate. The bill becomes effective November 1, 2026.

Oklahoma HB3500 amends probate procedure to remove the nine-month requirement for accepting property via transfer-on-death deed.

Oklahoma HB3500 amends the state's probate procedure by removing the nine-month requirement for accepting property through a transfer-on-death deed. This change applies to record owners who passed away before November 1, 2023. The bill modifies the Nontestamentary Transfer of Property Act to allow a beneficiary to accept the property on behalf of others if they execute a beneficiary affidavit. The affidavit must verify the record owner's death, confirm the marital status at the time of death, and include a legal description of the real estate. The bill becomes effective November 1, 2026.