Oklahoma 2024 Regular Session

Oklahoma House Bill HB3505 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	~~HB3505 HFLR Page 1~~
4		-	~~BOLD FACE denotes Committee Amendments.~~ 1
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31	53		STATE OF OKLAHOMA
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33	55		2nd Session of the 59th Legislature (2024)
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35	57		HOUSE BILL 3505 By: Sneed
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41	63		AS INTRODUCED
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43	65		An Act relating to estate planning; providing that
44	66		certain medical diagnosis invalidates estate planning
45	67		instruments in certain circumstan ces; providing
46	68		timeline; providing for interpretation of orig inal
47	69		instruments; providing for codification; and
48	70		providing an effective date.
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53	75		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
54	76		SECTION 1. NEW LAW A new se ction of law to be codified
55	77		in the Oklahoma Statutes as Sec tion 3100 of Title 58, unless there
56	78		is created a duplication in numbering, reads as follows:
57	79		All powers of attorney, wills, trusts, and other estate planning
58	80		instruments created and executed pursuant to the laws of Oklahoma
59	81		shall be invalid if such instrument was created or amended after the
60	82		person creating such instrument is diagnosed with Alzheimer's,
61	83		dementia, or other cognitive impairments. Furthermore, this shall
62	84		apply to all instruments or amendments created up to two (2) years
63	85		prior to such diagnosis.
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65		-	HB3505 HFLR Page 2
66		-	BOLD FACE denotes Committee Amendments. 1
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91	137		If an amendment to an instrument is invalidated pursuant to this
92	138		section, the original instrument shall control and be interpreted
93	139		without the invalid amendment.
94	140		SECTION 2. This act shall become effective November 1, 2024.
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96		-	COMMITTEE REPORT BY: COMMITTEE ON JUDICIARY - CIVIL, dated
97		-	02/22/2024 - DO PASS.
	142	+	59-2-9554 JL 01/17/24