OK SB1221

Increases the dollar threshold for transferring bank/credit union deposits to known heirs of a deceased person without probate from $20,000 to $50,000.

Modifies affidavit requirements for such transfers to require heirs to swear that facts regarding jurisdiction, heirship, and intestacy are true and correct, removing the previous requirement to state the owner left no will.

Increases the dollar threshold for delivery of personal property and real property to successors without probate from $20,000 to $50,000.

Adds real property to the types of property that can be delivered to successors under the simplified succession procedure, and requires the public official with cognizance over registered title to change ownership upon presentation of an affidavit.

Becomes effective November 1, 2012.