Effective: March 24, 2010
Latest Legislation: Senate Bill 106 - 128th General Assembly
Unless the trust or separation agreement provides otherwise, if, after executing a trust in which the grantor reserves to self a power to alter, amend, revoke, or terminate the provisions of the trust, a grantor is divorced, obtains a dissolution of marriage, has the grantor's marriage annulled, or, upon actual separation from the grantor's spouse, enters into a separation agreement pursuant to which the parties intend to fully and finally settle their prospective property rights in the property of the other, whether by expected inheritance or otherwise, the spouse or former spouse of the grantor shall be deemed to have predeceased the grantor, and any provision in the trust conferring any beneficial interest or a general or special power of appointment on the spouse or former spouse or nominating the spouse or former spouse as trustee or trust advisor shall be revoked. If the grantor remarries the grantor's former spouse or if the separation agreement is terminated, the spouse shall not be deemed to have predeceased the grantor, and any provision in the trust conferring any beneficial interest or a general or special power of appointment on the spouse or former spouse or nominating the spouse or former spouse as trustee or trust advisor shall not be revoked.
Structure Ohio Revised Code
Chapter 5815 | Miscellaneous Provisions
Section 5815.01 | Inheritance and Bequest Defined.
Section 5815.02 | Issuers of Securities and Holders of Record.
Section 5815.03 | Issuer of Securities May Treat Holders of Record as Competent.
Section 5815.04 | Uniform Fiduciary Act Definitions.
Section 5815.05 | Transferee Not Responsible for Proper Application of Money.
Section 5815.06 | Deposit in Name of Fiduciary as Such - Liability of Bank.
Section 5815.07 | Check Drawn by Fiduciary Upon Account of His Principal - Liability of Bank.
Section 5815.08 | Deposit to Personal Credit of Fiduciary.
Section 5815.09 | Deposit in Name of Two or More Trustees - Checks.
Section 5815.10 | Interpretation and Construction.
Section 5815.11 | Rules of Law and Equity Applicable.
Section 5815.12 | Power of Appointment Defined.
Section 5815.13 | Exercising Power of Appointment.
Section 5815.14 | Release and Disclaimer of a Power.
Section 5815.15 | Notice of Release.
Section 5815.16 | Duty of Attorney to Third Parties.
Section 5815.21 | Federal Estate Tax Marital Deduction Distributions.
Section 5815.22 | Spendthrift Provisions.
Section 5815.24 | Limitations on Liability.
Section 5815.25 | Administrative Duties and Responsibilities of Trust; Exclusion of Fiduciaries.
Section 5815.26 | Holding Cash or Making Temporary Investments.
Section 5815.27 | Application of Generation-Skipping Transfer Tax Provisions.
Section 5815.28 | Supplemental Services for Beneficiary With Physical or Mental Disability.
Section 5815.33 | Termination of Marriage Revokes Designation of Spouse as Beneficiary.
Section 5815.34 | Termination of Marriage Affects Survivorship Rights.
Section 5815.35 | General Partners Acting as Fiduciary.
Section 5815.37 | Temporary Conveyances.
Section 5815.41 | Consignment of Art Works Definitions.
Section 5815.42 | Art Dealer's Acceptance of Work on Consignment From Artist.
Section 5815.43 | When Work of Art Ceases to Be Trust Property.
Section 5815.44 | Work of Art Not Subject to Claims of Creditors of Art Dealer.
Section 5815.45 | Written Contract Prerequisite for Accepting Work of Art.
Section 5815.46 | Display Conditions.