OK SB874

Increases the property value threshold for simplified estate transfers by affidavit from $20,000 to $50,000, allowing more small estates to bypass formal probate proceedings

Applies to decedent property in Oklahoma subject to disposition by will or intestate succession, measured at fair market value less liens and encumbrances

Requires successors to wait at least 10 days after death before using the affidavit process to claim property

Effective date: November 1, 2016