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STATE OF OKLAHOMA
2nd Session of the 59th Legislature (2024)
HOUSE BILL 3505 By: Sneed
AS INTRODUCED
An Act relating to estate planning; providing that
certain medical diagnosis invalidates estate planning
instruments in certain circumstan ces; providing
timeline; providing for interpretation of orig inal
instruments; providing for codification; and
providing an effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new se ction of law to be codified
in the Oklahoma Statutes as Sec tion 3100 of Title 58, unless there
is created a duplication in numbering, reads as follows:
All powers of attorney, wills, trusts, and other estate planning
instruments created and executed pursuant to the laws of Oklahoma
shall be invalid if such instrument was created or amended after the
person creating such instrument is diagnosed with Alzheimer's,
dementia, or other cognitive impairments. Furthermore, this shall
apply to all instruments or amendments created up to two (2) years
prior to such diagnosis.
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If an amendment to an instrument is invalidated pursuant to this
section, the original instrument shall control and be interpreted
without the invalid amendment.
SECTION 2. This act shall become effective November 1, 2024.
59-2-9554 JL 01/17/24