Loading chat...
OH HB432
Bill
Status
12/8/2016
Primary Sponsor
Robert Cupp
Click for details
AI Summary
Am. Sub. H.B. 432 Summary
-
Adopts the Revised Uniform Fiduciary Access to Digital Assets Act, establishing rules for fiduciaries (agents, guardians, personal representatives, trustees) to access and manage digital assets of principals, minors, and decedents, including electronic communications.
-
Modernizes Ohio Trust Code, Probate Law, and Uniform Principal and Income Act by updating terminology (replacing "person" with "individual" in key sections) and clarifying rules for trust creation, simultaneous death, and property distribution.
-
Increases vehicle transfer limits for surviving spouses from two to one or more automobiles and raises the value threshold from $40,000 to $60,000 under the automobile allowance for support provision.
-
Authorizes the Franklin County Guardianship Service Board director or designee to act on behalf of the board in all guardianship matters and permits the board to charge reasonable fees for services provided to wards.
-
Updates the Uniform Transfers to Minors Act and related sections by changing the property threshold from $10,000 to $25,000 for court authorization requirements and expanding custodial property rules.
Legislative Description
Revises the law governing decedents' estates
Commerce
Last Action
Passed - Amended
12/8/2016