Ohio HB446 modifies trust and probate laws, including provisions for protectors and directed trusts.

Ohio HB446 modifies trust and probate laws by altering the rights, powers, and duties of protectors in directed trusts. The bill allows protectors to vary their duties and liabilities, and it defines a protector as a fiduciary unless the trust terms expressly state otherwise. It also outlines the conditions under which a protector may be liable for breach of trust and specifies the circumstances under which a protector can be removed.

Ohio HB446 modifies trust and probate laws, including provisions for protectors and directed trusts.

Ohio HB446 modifies trust and probate laws by altering the rights, powers, and duties of protectors in directed trusts. The bill allows protectors to vary their duties and liabilities, and it defines a protector as a fiduciary unless the trust terms expressly state otherwise. It also outlines the conditions under which a protector may be liable for breach of trust and specifies the circumstances under which a protector can be removed.