Ohio Code § 2109.62
Ohio Code § 2109.62. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 2109.62.
(A)(1) Upon the filing of a motion by a trustee with the court that has jurisdiction over
the trust, upon the provision of reasonable notice to all beneficiaries who are known
and in being and who have vested or contingent interests in the trust, and after holding
a hearing, the court may terminate the trust, in whole or in part, if it determines
that all of the following apply: (a) It is no longer economically feasible to continue the trust. (b) The termination of the trust is for the benefit of the beneficiaries. (c) The termination of the trust is equitable and practical. (d) The current value of the trust is less than one hundred thousand dollars. (2) The existence of a spendthrift or similar provision in a trust instrument or will
does not preclude the termination of a trust pursuant to this section. (B) If property is to be distributed from an estate being probated to a trust and the
termination of the trust pursuant to this section does not clearly defeat the intent
of the testator, the probate court has jurisdiction to order the outright distribution
of the property or to make the property custodial property under sections 5814.01 to 5814.10 of the Revised Code . A probate court may so order whether the motion for the order is made by an inter
vivos trustee named in the will of the decedent or by a testamentary trustee. (C) Upon the termination of a trust pursuant to this section, the probate court shall
order the distribution of the trust estate in accordance with any provision specified
in the trust instrument for the premature termination of the trust. If there is no provision of that nature in the trust instrument, the probate court
shall order the distribution of the trust estate among the beneficiaries of the trust
in accordance with their respective beneficial interests and in a manner that the
court determines to be equitable. For purposes of ordering the distribution of the trust estate among the beneficiaries
of the trust under this division, the court shall consider all of the following: (1) The existence of any agreement among the beneficiaries with respect to their beneficial
interests; (2) The actuarial values of the separate beneficial interests of the beneficiaries; (3) Any expression of preference of the beneficiaries that is contained in the trust
instrument.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 2109.62
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 2109.62?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 2109.62 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 2109.62 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.