Effective: October 12, 2016 Latest Legislation: House Bill 158 – 131st General Assembly “Fiduciary,” as used in Chapters 2101. to 2131. of the Revised Code, means any person, other than an assignee or trustee for an insolvent debtor or a guardian under sections 5905.01 to 5905.19 of the Revised Code, appointed by and accountable to […]
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly Every fiduciary, before entering upon the execution of a trust, shall receive letters of appointment from a probate court having jurisdiction of the subject matter of the trust. The duties of a fiduciary shall be those required by law, and such additional […]
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly After letters of appointment are issued to a fiduciary, the court shall accept filings by mail in matters of estates, guardianships, or trusts, unless the court in writing notifies the fiduciary or attorney of record that a personal appearance is necessary, or […]
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly At the time of the appointment of a fiduciary, the fiduciary shall file in the probate court the name of the attorney, if any, who will represent the fiduciary in matters relating to the trust. After the name of an attorney has […]
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly (A)(1) Unless otherwise provided by law, order, or local rule, every fiduciary, prior to the issuance of the fiduciary’s letters as provided by section 2109.02 of the Revised Code, shall file in the probate court in which the letters are to be […]
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly When considered necessary by the probate court and not otherwise directed in the will, a bond, as provided by sections 2109.01 to 2109.58 of the Revised Code, shall be required in all trusts created by will and not fully discharged, on the […]
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly The probate court that appoints a fiduciary may, on its own motion or on the application of any interested party, and after notice to the fiduciary, require a new bond or sureties or an additional bond or sureties whenever, in the opinion […]
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly (A) The bond required of an administrator by section 2109.04 of the Revised Code shall not be required in either of the following cases: (1) It shall not be required of a surviving spouse to administer the deceased spouse’s estate if the […]
Effective: October 1, 1996 Latest Legislation: House Bill 391 – 121st General Assembly The bond required by section 2109.04 of the Revised Code of a special administrator shall be conditioned as follows: (A) To file with the probate court within three months an inventory of the tangible and intangible personal property of the deceased that […]
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly (A) Unless the testator has specified otherwise in the will, the bond required of an executor by section 2109.04 of the Revised Code shall not be required of the executor to administer an estate in accordance with the will of the testator […]
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly If an executor or administrator is sole residuary legatee or distributee and if division (A) of section 2109.07 or division (A) of section 2109.09 of the Revised Code does not apply, instead of giving the bond prescribed by section 2109.04 of the […]
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly The bond required by section 2109.04 of the Revised Code of a testamentary trustee shall be conditioned as follows: (A) To make and return to the probate court within the time required by section 2109.58 of the Revised Code a true inventory […]
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly Any bond required by or pursuant to section 2109.04 of the Revised Code of a guardian shall be conditioned as follows: (A) If applicable, to make and return to the probate court within the time required by section 2111.14 of the Revised […]
Effective: April 14, 2006 Latest Legislation: House Bill 81 – 126th General Assembly In any case in which a bond is required by the probate court from a fiduciary and the value of the estate or fund is such that the court deems it inexpedient to require security in the full amount prescribed by section […]
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly If the estate held by a fiduciary consists in whole or in part of works of nature or of art that are suitable for preservation and exhibition in a museum or other similar institution, the probate court may authorize and direct that […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly No bond executed by a fiduciary shall be void or held invalid because of any informality in such bond or because of informality or illegality in the appointment of such fiduciary. Such bond shall have the same effect as if the appointment […]
Effective: October 4, 1984 Latest Legislation: House Bill 263 – 115th General Assembly When a person is appointed guardian of several minors who are children of the same parentage and inherit from the same estate, separate bonds shall not be required. In such cases, only one application for letters of guardianship is necessary, and the […]
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly If the bond of a fiduciary is executed by personal sureties, one or more of the sureties shall be a resident of the county in which the fiduciary applies for appointment. The sureties shall own real property worth double the sum to […]
Effective: October 31, 2001 Latest Legislation: House Bill 85 – 124th General Assembly A surety of a fiduciary or the executor or administrator of a surety may make application at any time to the probate court to be released from the bond of such fiduciary. Such surety shall file a written request therefor with the […]
Effective: January 13, 2012 Latest Legislation: Senate Bill 124 – 129th General Assembly If a fiduciary wastes or unfaithfully administers an estate, on the application of a surety on the fiduciary’s bond the probate court granting letters of appointment to the fiduciary may order the fiduciary to render an account and to execute to the […]
