Bill > HB3676

This bill modifies existing laws regarding transfer-on-death deeds, which allow property owners to designate beneficiaries who will inherit their real estate upon their death without going through probate, a legal process to settle an estate. Key changes include requiring the person transferring the property (the grantor) to attest on the deed or a separate recorded document that they have provided written notice to each beneficiary, informing them they've been named and must record an affidavit and death certificate within nine months of the grantor's death to claim the property, or their interest will revert to the estate. The bill also clarifies that if a beneficiary fails to meet these requirements, their interest will lapse and be distributed according to the deceased owner's will or state inheritance laws, and that the non-accepting beneficiary will be responsible for costs incurred in administering the lapsed interest, unless a good-cause exception is granted by a court for reasons like legal incapacity or lack of actual notice. Furthermore, the bill mandates that transfer-on-death deeds recorded on or after November 1, 2026, must include a list of these requirements for beneficiaries to keep the property out of probate.

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http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3676&Session=2600