Ohio Code 5806.01 – Capacity of settlor same as testator
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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.
Terms Used In Ohio Code 5806.01
- Property: means real and personal property. See Ohio Code 1.59
- Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
- Trustee: A person or institution holding and administering property in trust.