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1 Ιαν 2007 · Section 5812.02 | Fiduciary duties - general principles. (A) In allocating receipts and disbursements to or between principal and income, and with respect to any matter within the scope of sections 5812.07 to 5812.14 of the Revised Code, all of the following apply:
(C) In allocating receipts and disbursements to or between principal and income, a fiduciary may credit a receipt or charge an expenditure to income or principal with respect to a decedent's estate, a trust, or property passing to a trust, that is eligible for a federal estate tax marital deduction or Ohio estate tax marital deduction, or for a ...
20 Σεπ 2023 · The duties of a fiduciary shall be those required by law, and such additional duties as the court orders.
27 Μαρ 2024 · Fiduciaries in Ohio must be acutely aware of the legal implications associated with their role. The law holds fiduciaries to a high standard of conduct, reflecting the significant trust placed in them by beneficiaries and the legal system alike.
When seeking a fiduciary lawyer in Ohio, look for experience in handling fiduciary issues, a deep understanding of Ohio laws, and a track record of successful cases. It's important to choose a lawyer who is accessible and has a reputation for resolving complex fiduciary disputes effectively.
A breach of fiduciary duty in Ohio occurs when a fiduciary, such as an executor or trustee, fails to act in the best interests of the beneficiaries. This can include actions like mismanaging assets, failing to distribute assets properly, or engaging in self-dealing.
A fiduciary under Title 21 of the Ohio Revised Code is an individual appointed by and accountable to the probate court and acting in a fiduciary capacity for any person, or charged with duties in relation to any property, interest, trust, or estate for the benefit of another. Ohio Rev. Code Ann. § 2109.01. Under both Ohio common law and Ohio
