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Ohio Trust Code Update: Recent Developments

Probate Law Journal of Ohio, Vol. 20, 2009

U of Akron Legal Studies Research Paper No. 10-06

17 Pages Posted: 27 Apr 2010  

Alan Newman

University of Akron - School of Law

Date Written: April 26, 2010

Abstract

This article is based on the author’s presentations at the 20th Annual Estate Planning Conference on Wealth Transfer in Columbus on June 26, 2009.

Since its enactment in 2006, effective January 1, 2007, the Ohio Trust Code (“OTC”) has been amended, a number of cases have been decided under it, and a variety of issues related to or raised by it have been identified. This article will review those developments.

Keywords: Ohio Trust Code, estate planning, House Bill 499, OTC, trusts, revocable trusts, liability of trustee, Sowers v. Luginbill, rights of creditors, Vaughn v. Huntington National Bank, In re Trust of Lowry, In re Trust FBO Frank, Cundall v. U.S. Bank, private settlement agreements, trust decanting

JEL Classification: K1

Suggested Citation

Newman, Alan, Ohio Trust Code Update: Recent Developments (April 26, 2010). Probate Law Journal of Ohio, Vol. 20, 2009; U of Akron Legal Studies Research Paper No. 10-06. Available at SSRN: https://ssrn.com/abstract=1596235

Alan Newman (Contact Author)

University of Akron - School of Law ( email )

150 University Ave.
Akron, OH 44325-2901
United States

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