{"id":375804,"date":"2016-04-11T01:23:40","date_gmt":"2016-04-11T06:23:40","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/state\/oklahoma-law\/oklahoma-probate-and-estate-tax-laws.html"},"modified":"2016-06-20T19:51:07","modified_gmt":"2016-06-21T00:51:07","slug":"oklahoma-probate-and-estate-tax-laws","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/state\/oklahoma-law\/oklahoma-probate-and-estate-tax-laws.html","title":{"rendered":"Oklahoma Probate and Estate Tax Laws"},"content":{"rendered":"\n
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Oklahoma Probate and Estate Tax Laws<\/h1>\n
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Created by FindLaw’s team<\/a> of legal writers and editors<\/i><\/p>\n\n | Last updated\n

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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Losing a loved one is never easy. When it happens, however, those left behind have the difficult task of figuring out what to do with that person’s possessions or what is known as the deceased person or decedent’s "estate," which may include cash, property, or other investments such as stocks. <\/p>\n

Settling the decedent\u2019s estate after they pass is referred to as estate administration and usually occurs under the supervision of a probate court except under certain circumstances. This a quick summary of probate and estate tax laws in Oklahoma.<\/p>\n

Oklahoma Probate and Estate Tax Laws<\/h2>\n

The following table outlines probate and estate tax laws in Oklahoma.<\/p>\n\n
Code Sections<\/b><\/td>\nOKLA. STAT. \u00a7 58-1, et seq.<\/a>: Oklahoma Probate Code<\/td>\n<\/tr>
Types of Estate Administration<\/b><\/td>\n

Regular probate proceedings include the following:<\/p>\n

Family Allowances<\/b><\/td>\n

A reasonable allowance in money out of the estate necessary for their maintenance for one year, including fuel. Additional allowances may be allowed by the court, but not over 1 year if the estate is insolvent. If funds are insufficient, the court can authorize mortgaging of the decedent’s real estate, with the exception of the home, for the purpose of borrowing money.<\/p>\n<\/td>\n<\/tr>

What Assets Go Through Probate?<\/b><\/td>\nA person’s real and personal property at the time of his or her death.<\/td>\n<\/tr>
Estate or Other Taxes<\/b><\/td>\nNone for deaths occurring on or after January 1, 2010.<\/td>\n<\/tr><\/tbody><\/table>\n

Oklahoma Probate and Estate Tax Laws: Related Resources<\/h2>\n

Estate decisions are complicated and going through the probate process can be difficult. If you would like legal assistance with a probate or estate tax matter, you can contact an Oklahoma probate and estate administration attorney<\/a>. You can also visit FindLaw\u2019s sections on Probate Basics<\/a>, Estate Tax Laws<\/a>, and Oklahoma Estate Planning Laws<\/a> for more articles and information on this topic.<\/p>\n

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