Transfer-on-death deeds; requirements; nonacceptance; lapsed interest; allocation of costs; good-cause exception; construction; form; effective date.

HB 3676 updates Oklahoma's rules for transfer-on-death deeds, which allow property owners to name beneficiaries who automatically inherit the property upon the owner's death without probate. It requires property owners to provide written notice to beneficiaries about the 9-month deadline to record acceptance documents (after the owner's death), including the beneficiary's mailing address and the consequences of missing the deadline. If a beneficiary fails to meet the deadline (except for deaths before November 2011), their interest reverts to the estate, and courts may allocate related costs (like attorney fees) against that beneficiary. The bill also adds a "good-cause exception" for missed deadlines due to legal incapacity or lack of actual notice. This affects property owners using these deeds and their named beneficiaries.