Bill > HB2650

This bill amends Oklahoma law to increase the maximum value of an estate that can qualify for summary administration, a simplified probate process. Previously, an estate valued at $200,000 or less could use this streamlined procedure, but this bill raises that threshold to $300,000. Summary administration is a quicker and less complex way to settle an estate, typically used when the estate's assets are relatively small, or when the decedent has been deceased for a significant period, or resided in another state at the time of death. The bill maintains the other conditions for summary administration, such as the time elapsed since death or the decedent's residency.

Justice

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2650&Session=2600