Ohio Governor Signs Self-Settled Asset Protection Statute Into Law

The Governor of Ohio, John Kasich, signed HB 479 into law on December 20, 2012. The law will go into effect 90 days from the date that the bill was signed into law. The newly passed statute “includes several miscellaneous asset protection and trust provisions, such as fixing IV QTIP issues as well as the Ohio Legacy Trust Act (5816.01 et seq).”

See Steven Maimes, Ohio’s Self-Settled Asset Protection Trust Statute Signed Into Law, The Trust Advisor, Dec. 19, 2012.

Special Thanks to Scott Martin (Senior Editor, The Trust Advisor) for bringing this article to my attention.