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Senate unanimously approves bill clarifying transfer of inheritances to minors
Summary
Senate Bill 200, which clarifies probate procedures for transferring inheritances to minors and specifies where funds should be deposited and when they are released at age 18, passed the Oklahoma Senate 46-0 after explanation by Senator Boren.
The Oklahoma State Senate unanimously passed Senate Bill 200 following an explanation by Senator Boren; the final roll call was 46 ayes and 0 nays.
Senator Boren told colleagues the bill clarifies steps to transfer an inheritance to a minor who is legally entitled to that inheritance. According to Boren's explanation in the transcript, the measure specifies the probate process, identifies the bank or financial institution within the state where funds should be deposited during the guardianship or probate process, and sets the timing for release of funds to the child when they turn 18.
Boren noted that a similar change reached the governor's desk last year but was vetoed because its wording was confusing; he said the current version is intended to be clearer so it can succeed this session. After the explanation, Boren asked for advancement by unanimous consent; no questions were recorded.
On final passage the clerk recorded 46 ayes and 0 nays and the presiding officer declared Senate Bill 200 passed on third reading.
