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OK SB2104
Bill
Status
3/12/2026
Primary Sponsor
Brent Howard
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AI Summary
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Amends district court jurisdiction over trusts by clarifying that necessary parties include qualified beneficiaries, current trustees, and persons actually receiving distributions, while contingent beneficiaries are not necessary parties
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Establishes enforceability standards for forfeiture (no-contest) clauses in wills and trusts, allowing enforcement unless the challenger proves by preponderance of evidence that just cause existed and the action was brought in good faith
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Creates a nonjudicial settlement of account procedure allowing trustees to obtain discharge when a trust terminates, the trustee ceases to serve, or for interim accounting periods, with 60-day objection window and claims barred if no timely objections are raised
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Modifies the definition of "qualified beneficiary" by removing the requirement for a vested remainder interest and adding categories for those who would be distributees if current interests terminated or if the trust terminated
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Effective date: November 1, 2026
Legislative Description
Trusts; modifying requirements related to management and enforceability of trusts. Effective date.
Last Action
First Reading
3/12/2026