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A person who has been issued with a grant to administer a deceased person's estate. In practice, the term is commonly used in the broader sense of a person who is entitled to apply for a grant and administer the estate.
The full probate procedure in Oklahoma is used if an estate is worth over $200,000. The simplified probate procedure may be available for estates worth less than $200,000.
The personal representative's deed is a type of fiduciary instrument, a class of conveyances named for the capacity of the executing grantor, who is responsible for acting in the estate's best interest.
Located in this state if all of the property that the decedent owns, located in this state, is of a total value less than $50,000, it's a small estate.
Oklahoma law defines a small estate as an estate in which the value of the estate property in Oklahoma, owned by the decedent and subject to disposition by will or intestate succession, minus liens and encumbrances, is less than $50,000. You are the successor in interest to the decedent's estate.
Per Title 58, § 1252 (C) of the Oklahoma Statutes, the affidavit must include the following items: (1) Verification of the record owner's death by attaching the Grantor's death certificate; (2) Whether the record owner and the designated beneficiary were married at the time of the record owner's death; and (3) a legal
How Long Do You Have to Probate a Will in Oklahoma? According to OSCN 58 § 21, you have 30 days after learning of the death to begin the probate process. The probate matter should be filed in the county where the decedent lived at the time of their death.
Basic Requirements for Serving as an Oklahoma Executor Your executor must be: at least 18 years old, and. of sound mind -- that is, not judged incapacitated by a court.
On November 1, 2008, Oklahoma's "Nontestamentary Transfer of Property Act" (Title 58 O.S. ? 1251-1258) went into effect. This law allows a "record owner" to use a "Transfer-On-Death Deed" to name another person to receive his real estate without going through probate.
Basic Requirements for Serving as an Oklahoma Executor Your executor must be: at least 18 years old, and. of sound mind -- that is, not judged incapacitated by a court.