™Your Policy Risk Impact Agent
17 chapters · 226 sections in this title.
Ohio Rev. Code Ann. § 5805.01 Validity and effect of spendthrift provisions
1.3K chars
(A) A spendthrift provision is valid only if it restrains both voluntary and involuntary transfer of a beneficiary's interest or if it restrains involuntary transfer of a beneficiary's interest and permits voluntary transfer of a beneficiary's interest only with the consent of a …
Ohio Rev. Code Ann. § 5805.02 Enforceability and enforcement of spendthrift provisions
1.6K chars
(A) As used in this section, "child" includes any person for whom an order or judgment for child support has been entered in this or another state.(B) Subject to section 5805.03 of the Revised Code, a spendthrift provision is unenforceable against either of the following:(1) The …
Ohio Rev. Code Ann. § 5805.03 Creditors of discretionary trust beneficiary may not reach interest
0.6K chars
Notwithstanding anything to the contrary in division (B) of section 5805.02 of the Revised Code, no creditor or assignee of a beneficiary of a wholly discretionary trust may reach the beneficiary's interest in the trust, or a distribution by the trustee before its receipt by the …
Ohio Rev. Code Ann. § 5805.04 Creditor may not compel discretionary distribution - exceptions
2.7K chars
(A) As used in this section, "child" includes any person for whom an order or judgment for child support has been entered in this or any other state.(B) Except as otherwise provided in divisions (C) and (D) of this section, whether or not a trust contains a spendthrift provision,…