Ohio § 5815.21
Full text of Ohio Ohio Revised Code § 5815.21, with citation guidance and answers to common questions.
§ 5815.21.
Whenever the executor of a will or the trustee of a testamentary or inter vivos trust
is permitted or required to select assets in kind to satisfy a gift, devise, or bequest,
whether outright or in trust, intended to qualify for the federal estate tax marital
deduction prescribed by the United States “Internal Revenue Code of 1954,” 68A Stat.
392, 26 U.S.C.A. 2056 , or any comparable federal statute enacted after July 20, 1965, and the will or trust
instrument empowers or requires the fiduciary to satisfy such gift, devise, or bequest
by allocating assets thereto at any values other than market values at the date of
satisfaction of such gift, devise, or bequest, the executor or trustee shall satisfy
such gift, devise, or bequest by distribution of assets having a value fairly representative
in the aggregate of appreciation or depreciation in the value of all property, including
cash, available for distribution in satisfaction of such gift, devise, or bequest,
unless the will or trust instrument expressly requires that distribution be made in
a manner so as not to be fairly representative of such appreciation or depreciation.
Frequently Asked Questions About Ohio § 5815.21
What does Ohio Revised Code § 5815.21 cover?
Section 5815.21 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 § 5815.21?
A common citation format is "Ohio Revised Code § 5815.21" (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 § 5815.21 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.