Okla. Admin. Code § 550:1-7-4

Current through Vol. 42, No. 8, January 2, 2025

Section 550:1-7-4 - Vouchers payable to an estate, including a successor in interest of a decedent

(a)Conditions for obtaining voucher payable to an estate , including a successor in interest of a decedent. The Oklahoma Police Pension and Retirement System will issue a voucher to an estate or other successor in interest of a decedent upon the following conditions being met:

(1) For estates of any amount, a voucher will be issued to the estate if the personal representative (or other interested party) of the estate of the deceased has filed a probate action in a court of competent jurisdiction, and the personal representative has been issued either letters testamentary or letters of administration and has furnished the Oklahoma Police Pension and Retirement System with such letters testamentary or letters of administration and the employer identification number assigned to the estate by the Internal Revenue Service.

(2) For estates whose fair market value of property located in this state owned by the decedent and subject to disposition by will or intestate succession at the time of the decedent's death, less liens and encumbrances, does not exceed the dollar limit stated in 58 O.S. Section 393 (Fifty Thousand Dollars ($50,000.00) in 2018), the provisions of 58 O.S. Sections 393 and 394 shall apply. A voucher will be issued to each successor in interest to the decedent upon presentation to the Oklahoma Police Pension and Retirement System of an affidavit made by or on behalf of the successor in interest that complies with 58 O.S. Section 393 and the Social Security Number or the employer identification number assigned to the successor in interest by the Internal Revenue Service.

(b)Payment. Vouchers payable to an estate or a successor in interest shall be mailed or directly deposited by the Oklahoma Police Pension and Retirement System no earlier than the last business day of the month following Board approval.

Okla. Admin. Code § 550:1-7-4

Amended at 18 Ok Reg 2759, eff 7-1-01; Amended at 20 Ok Reg 1338, eff 6-1-03; Amended at 21 Ok Reg 1423, eff 6-1-04; Amended at 25 Ok Reg 2619, eff 6-10-08 (emergency); Amended at 26 Ok Reg 1319, eff 7-1-09

Amended by Oklahoma Register, Volume 31, Issue 24, September 2, 2014, eff. 9/12/2014

Amended by Oklahoma Register, Volume 36, Issue 22, August 1, 2019, eff. 8/11/2019