OK SB745

Amends Oklahoma Statutes Title 58, Section 1252 to clarify recording requirements for transfer-on-death deeds, which allow real estate to transfer to designated beneficiaries upon the owner's death without requiring consideration.

Designated beneficiaries must execute an affidavit verifying the record owner's death, confirming marital status at time of death, and providing a legal description of the real estate, along with attaching a copy of the death certificate.

Beneficiaries must record the affidavit and related documents with the county clerk where the real estate is located within 9 months of the owner's death for deaths occurring on or after November 1, 2011; failure to do so results in the property reverting to the deceased owner's estate.

Property owners' deaths occurring before November 1, 2011 are exempted from the 9-month recording deadline.

Notarized affidavits may be received for recording by the county clerk without acknowledgment and are effective as if acknowledged; the bill takes effect immediately upon passage and approval.