Ohio Rev. Code § 2111.182

Current with legislation from 2024 received as of August 15, 2024.
Section 2111.182 - Order for portion of funds to minor be deposited in trust

If a minor is entitled to money or property whether by settlement or judgment for personal injury or damage to tangible or intangible property, inheritance or otherwise, the probate court may order that all or a portion of the amount received by the minor be deposited into a trust for the benefit of that beneficiary until the beneficiary reaches twenty-five years of age, and order the distribution of the amount in accordance with the provisions of the trust. Prior to the appointment as a trustee of a trust created pursuant to this section, the person to be appointed shall be approved by a parent or guardian of the minor beneficiary of the trust, unless otherwise ordered by the probate court.

R.C. § 2111.182

Added by 132nd General Assembly, HB 595,§1, eff. 3/22/2019.