Bill > HB2650

This bill amends Oklahoma law to increase the maximum value of an estate that can be processed through summary administration, a simplified probate procedure for smaller estates, from $200,000 to $300,000. Summary administration allows for quicker and less complex distribution of assets when certain conditions are met, such as a low estate value, the decedent having been deceased for over five years, or the decedent residing in another state at the time of death. The bill maintains the existing requirements for what information must be included in a petition for summary administration, such as details about the decedent, their will (if any), heirs, creditors, and the estate's property.