A trust may be created only to the extent that its purposes are lawful, not contrary to public policy, and possible to achieve. A trust exists, and its assets shall be held, for the benefit of its beneficiaries in accordance with the interests of the beneficiaries in the trust.

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Terms Used In Ohio Code 5804.04

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

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