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OK SB611
Bill
AI Summary
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Establishes requirements for applications seeking informal probate of wills and informal appointment of personal representatives, including statements about the applicant's interest, decedent's information, venue, and time limits.
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Authorizes registrars to issue written statements of informal probate when certain findings are made, with informal probate being conclusive until superseded by formal testacy proceedings.
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Creates "universal succession" provisions allowing heirs or residuary devisees to assume personal liability for decedent's taxes, debts, claims, and distributions without requiring a personal representative or formal administration.
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Specifies that universal successors have full ownership power over estate assets, assume liability for obligations proportional to their share, and must notify other heirs and devisees within 30 days of succession approval.
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Effective date: November 1, 2011.
Legislative Description
Informal probate; establishing certain probate procedures. Codification. Effective date.
Property
Last Action
Second Reading referred to Judiciary
2/8/2011