Ohio Revised Code Chapter 5804 - Creation, Modification, Revocation, And Termination

• Section 5804.01 - Methods Of Creation Of Trusts.
  A trust may be created by any of the following methods: (A) Transfer of property to another person as trustee during the settlor's lifetime...
• Section 5804.02 - General Requirements For Creation Of Trust.
  (A) A trust is created only if all of the following apply: (1) The settlor of the trust, other than the settlor of a...
• Section 5804.03 - Validity Of Nontestamentary Trusts.
  A trust not created by will is validly created if its creation complies with the law of the jurisdiction in which the trust instrument...
• Section 5804.04 - Trust Purposes Must Be Legitimate.
  A trust may be created only to the extent that its purposes are lawful, not contrary to public policy, and possible to achieve. A...
• Section 5804.05 - Purposes Of Charitable Trust - Enforcement.
  (A) A charitable trust may be created for the relief of poverty, the advancement of education or religion, the promotion of health, governmental or...
• Section 5804.06 - Trust Induced By Fraud, Duress, Or Undue Influence Void.
  A trust is void to the extent its creation was induced by fraud, duress, or undue influence. As used in this section, "fraud," "duress,"...
• Section 5804.07 - Written Instrument Not Required.
  Except as required by any section of the Revised Code not in Chapters 5801. to 5811. of the Revised Code, a trust is not...
• Section 5804.08 - Trust To Provide For Care Of Animal.
  (A) A trust may be created to provide for the care of an animal alive during the settlor's lifetime. The trust terminates upon the...
• Section 5804.09 - Trust Created For Noncharitable Purpose.
  Except as otherwise provided in section 5804.08 of the Revised Code or any other section of the Revised Code: (A) A trust may be...
• Section 5804.10 - Termination Of Trust By Revocation Or By Terms.
  (A) In addition to the methods of termination prescribed by sections 5804.11 to 5804.14 of the Revised Code, a trust terminates to the extent...
• Section 5804.11 - Termination Or Modification Of Noncharitable Irrevocable Trust.
  (A) If upon petition the court finds that the settlor and all beneficiaries consent to the modification or termination of a noncharitable irrevocable trust,...
• Section 5804.12 - Judicial Action Due To Change Of Circumstances.
  (A) The court may modify the administrative or dispositive terms of a trust or terminate the trust if because of circumstances not anticipated by...
• Section 5804.13 - Judicial Action Where Charitable Purpose Frustrated.
  (A) Except as otherwise provided in division (B) of this section, if a particular charitable purpose becomes unlawful, impracticable, or impossible to achieve, all...
• Section 5804.14 - Termination Or Modification Where Costs Exceed Value.
  (A) (1) Except as provided in division (A)(2) of this section, after notice to the qualified beneficiaries, the trustee of an inter vivos trust...
• Section 5804.15 - Reformation To Conform To Settlor's Intention.
  The court may reform the terms of a trust, even if they are unambiguous, to conform the terms to the settlor's intention if it...
• Section 5804.16 - Modification To Achieve Settlor's Tax Objectives.
  To achieve the settlor's tax objectives, the court may modify the terms of a trust in a manner that is not contrary to the...
• Section 5804.17 - Combination Or Division Of Trusts.
  After notice to the qualified beneficiaries, a trustee may combine two or more trusts into a single trust or divide a trust into two...
• Section 5804.18 - When Certain Trust Is Irrevocable.
  A trust described in 42 U.S.C. 1396p(d)(4) is irrevocable if the terms of the trust prohibit the settlor from revoking it, whether or not...

Last modified: October 10, 2016