Ohio § 5812.12
Full text of Ohio Ohio Revised Code § 5812.12, with citation guidance and answers to common questions.
§ 5812.12.
(A) An income beneficiary is entitled to net income from the date on which the income
interest begins. An income interest begins on the date specified in the terms of the trust or, if
no date is specified, on the date an asset becomes subject to a trust or successive
income interest. (B) An asset becomes subject to a trust on any of the following dates: (1) The date it is transferred to the trust, in the case of an asset that is transferred
to a trust during the transferor's life; (2) The date of a testator's death, in the case of an asset that becomes subject to a
trust by reason of a will, even if there is an intervening period of administration
of the testator's estate; (3) The date of an individual's death, in the case of an asset that is transferred to
a fiduciary by a third party because of the individual's death. (C) An asset becomes subject to a successive income interest on the day after the preceding
income interest ends, as determined under division (D) of this section, even if there
is an intervening period of administration to wind up the preceding income interest. (D) An income interest ends on the day before an income beneficiary dies or another terminating
event occurs, or on the last day of a period during which there is no beneficiary
to whom a trustee may distribute income.
Frequently Asked Questions About Ohio § 5812.12
What does Ohio Revised Code § 5812.12 cover?
Section 5812.12 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 § 5812.12?
A common citation format is "Ohio Revised Code § 5812.12" (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 § 5812.12 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.