Effective: September 12, 2008 Latest Legislation: House Bill 499 – 127th General Assembly The capacity of a settlor required to create, amend, revoke, or add property to a revocable trust, or to direct the actions of the trustee of a revocable trust, is the same as that required to make a will.
Effective: September 12, 2008 Latest Legislation: House Bill 499 – 127th General Assembly (A) Unless the terms of a trust expressly provide that the trust is irrevocable, the settlor may revoke or amend the trust. This division does not apply to a trust created under an instrument executed before January 1, 2007. (B) If a […]
Effective: September 12, 2008 Latest Legislation: House Bill 499 – 127th General Assembly (A) During the lifetime of the settlor of a revocable trust, whether or not the settlor has capacity to revoke the trust, the rights of the beneficiaries are subject to the control of the settlor, and the duties of the trustee, including […]
Effective: March 22, 2019 Latest Legislation: House Bill 595 – 132nd General Assembly (A) Subject to division (E) of this section, any of the following actions pertaining to a revocable trust that is made irrevocable by the death of the settlor of the trust shall be commenced by the earlier of the date that is […]
