Effective: August 17, 2021
Latest Legislation: House Bill 7 - 134th General Assembly
This chapter applies to qualified dispositions made on or after March 27, 2013, except that division (S)(1)(b)(ii) of section 5816.02 of the Revised Code applies to any legacy trust settled or administered on or after the effective date of this amendment.
Last updated May 21, 2021 at 11:02 AM
Structure Ohio Revised Code
Chapter 5816 | Ohio Legacy Trust Act
Section 5816.01 | Short Title.
Section 5816.02 | Definitions.
Section 5816.03 | Spendthrift Provisions.
Section 5816.04 | Limits to Transferor's Authority.
Section 5816.05 | Permissible Retained Rights of a Transferor.
Section 5816.06 | Qualified Affidavits and Related Rules.
Section 5816.07 | Restrictions on Actions, Remedies, and Claims.
Section 5816.08 | Avoidance of Qualified Dispositions.
Section 5816.09 | Automatic Removal of Trustees; General Rules on Successor.
Section 5816.10 | Miscellaneous Rules; Conflicts, Tacking, Savings, Migration.
Section 5816.11 | Trust Advisors; Eligibility; Default Fiduciary Status.
Section 5816.12 | Rules Regarding Discretion.
Section 5816.13 | Discretionary Interests Not Property of a Beneficiary.