HB3676

Oklahoma HB3676 modifies transfer-on-death deeds, requiring beneficiary affidavits and addressing nonacceptance and lapsed interests.

Oklahoma HB3676 amends the state's laws on transfer-on-death deeds, requiring beneficiaries to execute affidavits affirming the record owner's death and attaching a death certificate. It specifies that if one beneficiary accepts the interest, it is effective for all beneficiaries. If a beneficiary does not accept within nine months, their interest lapses and reverts to the estate. The bill outlines the allocation of costs due to nonacceptance and provides a good-cause exception for late acceptance.