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OH SB232
Bill
Status
11/29/2016
Primary Sponsor
Kevin Bacon
Click for details
AI Summary
Sub. S. B. No. 232 Summary
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Amends intestate succession law to require descendants of an intestate be living at death and survive for at least 120 hours, or be born within 300 days after death and live for at least 120 hours after birth to inherit.
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Establishes that pretermitted children born after a will is made receive a share equal to what they would have inherited under intestacy, unless the will clearly shows intent to disinherit them; limits inheritance rights of posthumously born children to those born within one year and 300 days after testator's death.
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Creates new section 5801.12 governing beneficial rights under trusts for children born through assisted reproductive technologies, with a maximum 300-day window for inheritance unless the trust clearly provides otherwise or specifies a longer period up to five years.
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Modifies transfer on death designation affidavits and deeds to allow liberal construction of intent, establish automatic revocation of spousal designations upon divorce, and permit new affidavits to supersede prior recorded designations.
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Updates probate procedures to extend the final accounting deadline to 30 days after estate administration completion and allows administrators and executors handling estates with posthumously born beneficiaries to delay filing final accounts.
Legislative Description
Changes the law governing transfer on death instruments
Courts and Civil Law : Civil Law
Last Action
Concurred in House amendments
11/30/2016