Oklahoma Small Estate Affidavit PENALTIES AND FINES Both statutes assess penalties and fines against those who submit knowingly false affidavits The penalties are the same in 58 O S 393 and 6 O S 906 Those who knowingly submit a false affidavit are subject to a fine of up to 3 000 and possible imprisonment of up to six months or both
Oklahoma Small Estate Affidavit State of Oklahoma ss County of I of lawful age being first duly sworn upon oath depose and state to wit 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 I realize that the above terms are complicated
Oklahoma Small Estate Affidavit
Oklahoma Small Estate Affidavit
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Currently this small estate affidavit Oklahoma form can be used for small estates under 50 000 With no legal representation it requires less paperwork than probating a Last Will or administering a trust Fortunately Oklahoma offers two probate shortcuts for small estates If the property you leave behind at your death is below a certain amount Oklahoma allows the property to be transferred more quickly and with less hassle
The first type of Small Estate Affidavit allowed in Oklahoma is one for financial accounts worth a total of 50 000 or less This affidavit is authorized by 6 OS 906 Banks credit unions and savings and loan associations are permitted under Oklahoma statutory law to pay out bank accounts under Fifty Thousand Dollars 50 000 upon affidavit The fair market value of property located in this state owned by the decedent and subject to disposition by will or intestate succession at the time of the decedent s death less liens and encumbrances does not exceed Fifty Thousand Dollars 50 000 00
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1 Small Estate Affidavit Some States allow an affidavit to be executed by the spouse and or heirs of the deceased and present the affidavit to the holder of property such as a bank to obtain property of the deceased Other states require that the affidavit be filed with the Court This affidavit 2 Said Decedent died without leaving a last will and testament and leaving a deposit account at account number ending in the balance of which does not exceed 20 000 00 3 No application or petition for the appointment of a personal
The small estate affidavit is governed by Oklahoma statute 6 OS 906 Successors can file a small estate affidavit as long as the total value does not exceed 50 000 or if the decedent passed away more than 5 years ago the estate may value as much as 200 000 An Oklahoma Small Estate Affidavit allows a surviving beneficiary to collect a deceased person s possessions from entities currently holding them such as a bank withholding a savings account The individual the successor completes this form when the decedent dies without leaving a last will and testament Per state law the successor
Oklahoma Small Estate Successor Affidavit Not To Exceed 50
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Oklahoma Small Estate Affidavit - A small estate affidavit is a court document that allows beneficiaries to bypass the often lengthy probate process and expedite the distribution of an estate after someone s death To qualify for this process Oklahoma 50 000 10 days Notary Public