Ohio HB446 modifies trust and probate laws, including rules for protectors and directed trusts.
Ohio HB446 modifies trust and probate laws by amending and repealing sections of the Revised Code. It governs the rights, powers, discretion, duties, and liabilities of a protector in connection with directed trusts. The bill specifies that a protector may issue binding trust directives, remove another trust officeholder, or appoint another person. It also outlines the circumstances under which a protector may be removed and the duties of a protector, including providing information to trustees and other protectors.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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