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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 decedents estate.
0:46 2:05 Oklahoma Small Estate Affidavit - EXPLAINED - YouTube YouTube Start of suggested clip End of suggested clip The applicant has to sign the affidavit in the presence of a notary public the notary is alsoMoreThe applicant has to sign the affidavit in the presence of a notary public the notary is also required to sign and affix their seal.
If the cumulative value of a deceased persons probate personal property (not including real estate) that would otherwise go through probate court is less than $50,000, that probate property can be obtained by the deceased persons successors by the use of a Small Estates Affidavit and thus avoid probate.
Located in this state if all of the property that the decedent owns, located in this state, is of a total value less than $50,000, its a small estate.
Living trusts In Oklahoma, you can make a living trust to avoid probate for virtually any asset you ownreal estate, bank accounts, vehicles, and so on. You need to create a trust document (its similar to a will), naming someone to take over as trustee after your death (called a successor trustee).
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You can use the simplified small estate process in Oklahoma if the value of the estate is $200,000 or less, if the deceased person has been dead for more than five years, or if he or she resided in another state at the time of death.
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 decedents estate.
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.
When Is Probate Required in Oklahoma? Probate is not always necessary, and this is true whether the decedent died testate or intestate (died with or without a valid will). All wills do not need to be probated. A decedents estates need for probate depends mostly on the assets they leave behind and their total value.
2. This form may be signed by a member of the family, as long as they are not an heir to the deceased, but the Corroborating Affidavit MUST be signed by a person not a member of the family.

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