Effective: January 1, 2007
Latest Legislation: House Bill 416 - 126th General Assembly
A trust may be created by any of the following methods:
(A) Transfer of property to another person as trustee during the settlor's lifetime or by will or other disposition taking effect upon the settlor's death;
(B) Declaration by the owner of property that the owner holds identifiable property as trustee;
(C) Exercise of a power of appointment in favor of a trustee;
(D) A court order.
Structure Ohio Revised Code
Chapter 5804 | Creation, Modification, Revocation, and Termination
Section 5804.01 | Methods of Creation of Trusts.
Section 5804.02 | General Requirements for Creation of Trust.
Section 5804.03 | Validity of Nontestamentary Trusts.
Section 5804.04 | Trust Purposes Must Be Legitimate.
Section 5804.05 | Purposes of Charitable Trust - Enforcement.
Section 5804.06 | Trust Induced by Fraud, Duress, or Undue Influence Void.
Section 5804.07 | Written Instrument Not Required.
Section 5804.08 | Trust to Provide for Care of Animal.
Section 5804.09 | Trust Created for Noncharitable Purpose.
Section 5804.10 | Termination of Trust by Revocation or by Terms.
Section 5804.11 | Termination or Modification of Noncharitable Irrevocable Trust.
Section 5804.12 | Judicial Action Due to Change of Circumstances.
Section 5804.13 | Judicial Action Where Charitable Purpose Frustrated.
Section 5804.14 | Termination or Modification Where Costs Exceed Value.
Section 5804.15 | Reformation to Conform to Settlor's Intention.
Section 5804.16 | Modification to Achieve Settlor's Tax Objectives.