Ohio § 5808.13

§ 5808.13.

(A) A trustee shall keep the current beneficiaries of the trust reasonably informed about

the administration of the trust and of the material facts necessary for them to protect

their interests.  Unless unreasonable under the circumstances, a trustee shall promptly respond to

a beneficiary's request for information related to the administration of the trust. (B) A trustee shall do all of the following: (1) Upon the request of a beneficiary, promptly furnish to the beneficiary a copy of

the trust instrument.  Unless the beneficiary expressly requests a copy of the entire trust instrument,

the trustee may furnish to the beneficiary a copy of a redacted trust instrument that

includes only those provisions of the trust instrument that the trustee determines

are relevant to the beneficiary's interest in the trust.  If the beneficiary requests a copy of the entire trust instrument after receiving

a copy of a redacted trust instrument, the trustee shall furnish a copy of the entire

trust instrument to the beneficiary.  If the settlor of a revocable trust that has become irrevocable has completely restated

the terms of the trust, the trust instrument furnished by the trustee shall be the

restated trust instrument, including any amendments to the restated trust instrument.  Nothing in division (B)(1) of this section limits the ability of a beneficiary to

obtain a copy of the original trust instrument, any other restatements of the original

trust instrument, or amendments to the original trust instrument and any other restatements

of the original trust instrument in a judicial proceeding with respect to the trust. (2) Within sixty days after accepting a trusteeship, notify the current beneficiaries

of the acceptance and of the trustee's name, address, and telephone number; (3) Within sixty days after the date the trustee acquires knowledge of the creation of

an irrevocable trust, or the date the trustee acquires knowledge that a formerly revocable

trust has become irrevocable, whether by the death of the settlor or otherwise, notify

the current beneficiaries of the trust's existence, of the identity of the settlor

or settlors, of the right to request a copy of the trust instrument, and of the right

to a trustee's report as provided in division (C) of this section; (4) Notify the current beneficiaries in advance of any change in the method or rate of

the trustee's compensation. (C) A trustee of a trust that has a fiscal year ending on or after January 1, 2007, shall

send to the current beneficiaries, and to other beneficiaries who request it, at least

annually and at the termination of the trust, a report of the trust property, liabilities,

receipts, and disbursements, including the source and amount of the trustee's compensation,

a listing of the trust assets, and, if feasible, the trust assets' respective market

values.  Upon a vacancy in a trusteeship, unless a cotrustee remains in office, a report

for the period during which the former trustee served must be sent to the current

beneficiaries by the former trustee.  A personal representative or guardian may send the current beneficiaries a report

on behalf of a deceased or incapacitated trustee. (D) A beneficiary may waive the right to a trustee's report or other information otherwise

required to be furnished under this section.  A beneficiary, with respect to future reports and other information, may withdraw

a waiver previously given. (E) The trustee may provide information and reports to beneficiaries to whom the provided

information and reports are not required to be provided under this section. (F) Divisions (B)(2) and (3) of this section apply only to a trustee who accepts a trusteeship

on or after January 1, 2007, to an irrevocable trust created on or after January 1,

2007, and to a revocable trust that becomes irrevocable on or after January 1, 2007. (G) During the lifetime of the settlor of a revocable trust, whether or not the settlor

has capacity to revoke the trust, the trustee's duties under this section are owed

exclusively to the settlor.