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In a landmark decision, the Indiana state government passed new legislation on February 10, 2026, that will bring significant changes to trusts and estates in the state. The law, known as the Trust and Estate Reform Act, aims to modernize and simplify the administration of trusts and estates while providing greater protections for beneficiaries.One of the key provisions of the new law is the establishment of a centralized registry for trusts and estates, which will make it easier for beneficiaries and trustees to access important information and ensure compliance with legal requirements. This registry will also help prevent fraud and abuse by providing greater transparency and accountability in the management of trust assets.Additionally, the Trust and Estate Reform Act introduces new guidelines for trustees, including stricter standards of care and a requirement to keep accurate and up-to-date records of trust activities. Trustees will also be required to provide regular reports to beneficiaries and consult with them on major decisions affecting the trust.Another significant change brought about by the new law is the introduction of a mandatory court review process for certain high-value trusts and estates. This provision aims to protect beneficiaries from potential conflicts of interest or mismanagement by trustees and ensure that their interests are being properly safeguarded.Overall, the Trust and Estate Reform Act represents a major step forward in ensuring the integrity and effectiveness of trusts and estates in Indiana. The law is expected to provide greater peace of mind for beneficiaries, while also promoting accountability and responsibility among trustees. Stakeholders in the trusts and estates industry are encouraged to familiarize themselves with the new requirements and seek guidance from legal professionals to ensure compliance with the law.