Rotate Legal Oklahoma Small Estates Forms For Free

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.

One purpose of probate is to determine if the will is valid. Another purpose is to begin the Oklahoma probate creditor statute of limitations. However, depending on the circumstances, you may qualify for another type of probate. The full probate procedure in Oklahoma is used if an estate is worth over $200,000.

The Small estate affidavit Oklahoma must be attached to a certified copy of the death certificate and the small estate affidavit must contain the following information: The date of death; County and State at the time of death; Statement that there is no probate pending; Value of the estate;

1. The fair market value of property located in this state owned by the decedent and subject to disposition by will at the time of the decedent's death, less liens and encumbrances, does not exceed Fifty Thousand Dollars ($50,000.00).

An estate is everything comprising the net worth of an individual, including all land and real estate, possessions, financial securities, cash, and other assets that the individual owns or has a controlling interest in. a person's death. The estate consists of the real and/or personal property of the deceased person.

An Oklahoma small estate affidavit is a document that is used by a person to claim a right to the property of a deceased person, known as a decedent. The filer, known as the ?affiant?, has to file this affidavit with the individual or entity that has control over the property itself.