Ohio § 5809.02
Full text of Ohio Ohio Revised Code § 5809.02, with citation guidance and answers to common questions.
§ 5809.02.
(A) A trustee shall invest and manage trust assets as a prudent investor would, by considering
the purposes, terms, distribution requirements, and other circumstances of the trust. In satisfying this requirement, the trustee shall exercise reasonable care, skill,
and caution. (B) A trustee shall make a reasonable effort to verify facts relevant to the investment
and management of trust assets. (C) A trustee's investment and management decisions respecting individual trust assets
shall not be evaluated in isolation but in the context of the trust portfolio as a
whole and as part of an overall investment strategy having risk and return objectives
reasonably suited to the trust. (D) Among circumstances that a trustee shall consider in investing and managing trust
assets are the following as are relevant to the trust or its beneficiaries: (1) The general economic conditions; (2) The possible effect of inflation or deflation; (3) The expected tax consequences of investment decisions or strategies; (4) The role that each investment or course of action plays within the overall trust
portfolio, which may include financial assets, interests in closely held enterprises,
tangible and intangible personal property, and real property; (5) The expected total return from income and appreciation of capital; (6) Other resources of the beneficiaries; (7) Needs for liquidity, regularity of income, and preservation or appreciation of capital; (8) An asset's special relationship or special value, if any, to the purposes of the
trust or to one or more of the beneficiaries.
Frequently Asked Questions About Ohio § 5809.02
What does Ohio Revised Code § 5809.02 cover?
Section 5809.02 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5809.02?
A common citation format is "Ohio Revised Code § 5809.02" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5809.02 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.