§ 5810.01 Breach of trust defined – judicial remedies
§ 5810.02 Liability to beneficiaries for breach – contribution
§ 5810.03 Trustee not accountable or liable for profit or loss absent breach
§ 5810.04 Award of costs, expenses, and attorney fees from trust
§ 5810.05 Limitations period for action against trustee
§ 5810.06 Trustee reliance on terms of trust
§ 5810.07 Reasonable care to ascertain material event
§ 5810.08 Enforceability of exculpatory trust term
§ 5810.09 Beneficiary or representative’s consent to conduct constituting breach
§ 5810.10 Personal contract and tort liability of trustee
§ 5810.11 Personal liability of trustee on contract as partner
§ 5810.12 Person assisting or dealing with trustee in good faith
§ 5810.13 Certification of trust furnished to person not beneficiary
§ 5810.14 Transfer of personal property to trustee
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Terms Used In Ohio Code > Chapter 5810 - Breach of Trust

  • Another: when used to designate the owner of property which is the subject of an offense, includes not only natural persons but also every other owner of property. See Ohio Code 1.02
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Decedent: A deceased person.
  • Fiduciary: A trustee, executor, or administrator.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
  • Personal property: All property that is not real property.
  • Property: means real and personal property. See Ohio Code 1.59
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
  • state: means the state of Ohio. See Ohio Code 1.59
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.