Trusts; Oklahoma Uniform Trust Code; enforceability; representation; definition; effective date.

HB 4196 amends Oklahoma's Uniform Trust Code to clarify rules around forfeiture clauses in wills and trusts and streamline trust account settlements. It makes clauses punishing beneficiaries for contesting a will or trust enforceable only if the challenger proves they had "just cause" and acted in good faith. The bill also creates a new process allowing trustees to seek nonjudicial approval of trust account settlements after sending detailed notices to beneficiaries (including asset statements and distribution plans), with a 60-day objection window; silence after this period bars future claims against the trustee. These changes directly affect beneficiaries who might contest trusts and trustees managing trust accounts in Oklahoma.