
There isn't a treatment worth paying for. By the time the canopy shows it, the root system is already badly compromised. This is a stability question as much as a health one — a tree with rotten roots can look fine and still come over in a storm.
No cure. Improve drainage, reduce load on the tree, or remove.
Central Indiana's heavy clay and high water table make this common, especially in newer subdivisions where topsoil was stripped.