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Amended Ohio Revised Code § 2106.13: Reduction in Allowance Tive Time PROBATE LAW JOURNAL OF OHIO JANUARY/FEBRUARY 2021 VOLUME 31 ISSUE 3 IN THIS ISSUE: Editor’s Message 109 EDITOR’S MESSAGE Legislative Report 109 Robert M. Brucken, Esq. This issue of Probate Law Journal is devoted entirely Modernization Of Ohio LLC Law 111 to work product of the 133rd General Assembly. Its term By William R. Graf, Esq. Special Delivery: Ohio’s Business has now expired, and its legislation must still be signed Benefit Corporation Has Arrived 114 by the Governor and will not become effective until later By Lee M. Stautberg, Esq. and Melissa Spievack, Esq. this spring. Immediately following this message is a Expanded “Estate Planning” For A Ward By A Guardian (Effective Date Legislative Report that is a tabulation of the output of TBD) 117 trust and estate legislation, bills that made it and bills By Nirakar “Nic” Thakur Esq. that failed, either on their merits or for lack of legisla- Amended Ohio Revised Code § 2106.13: Reduction In Allowance tive time. Following that are articles identifying and For Support Applies Only If Multiple Vehicles Selected By explaining the contents of each of the bills that survived, Surviving Spouse 118 or almost survived and will be reintroduced in the new By James J. Lanham Esq. Going Bare, Or Not: The Repeal Of General Assembly, most of them in the “first person,” R.C. 5805.06(B)(2) 120 that is, authored by the person who identified the By Richard E. Davis, Esq. Stephanie A. Lehota, Esq. problem involved, wrote the statutory solution and Trustee Removal Bar Is More Clearly Limited To Currently authored the definitive Probate Law Journal article on Serving Trustees 123 it; and who then shepherded the solution through the By Robert M. Brucken, Esq. EPTPL Section, OSBA Council of Delegates and finally HB 464—Technical Corrections To The Ohio Legacy Trust Act—ORC the General Assembly. Please remember to thank them 5816.01 ET SEQ. 124 for their efforts, made on your behalf for the improve- By D. Bowen (“Bo”) Loeffler, Esq. Proposed Updates To Ohio Name ment of Ohio trust and estate law. Change Law 126 Hon. Thomas M. O’Diam Additional Proposals Of Sub. H.B. LEGISLATIVE REPORT 464 Still Awaiting Enactment 127 By John F. Furniss III, Esq. Robert M. Brucken, Esq. Case Summaries 130 Subject Index 135 Editor-in-Chief, Probate Law Journal of Ohio Legislative Scorecard 139 Cleveland, Ohio The past legislative biennium is completed, the legisla- tors have gone home, and a new General Assembly will represent us in the new biennium. With the end of the Mat #42718431 JANUARY/FEBRUARY 2021 | VOLUME 31 | ISSUE 3 PROBATE LAW JOURNAL OF OHIO 2019-2020 session there is both good and Second, the “did nots.” HB 464, the bad news. Some trust and estate legisla- OSBA-sponsored trust and estate omnibus tion that we follow made it, some did not. bill, failed of final enactment. Its failure makes a good story, so here it is. The bill First, the “dids.” Enacted were SB 21, was late in introduction, not until the authorizing benefit corporations, and SB second year of the session. The sponsor 276, an OSBA bill updating the LLC law. was Rep. Cupp, a lawyer who has also Explanations of each of these new laws fol- sponsored prior OSBA bills. You know low in this issue. We are rushing this in- what came next. The Speaker of the House formation to our readers now, even before was indicted, and Rep. Cupp became the the Governor has signed the bills, as he new Speaker and had more on his plate will have no reason to veto them. Their ef- than just our bill. The bill did not receive fective dates will be this spring, March or attention until the lame duck session in April dates that are 90 days from when November, when it finally moved through they are signed and filed with the Secre- its House committee and the floor, teeing tary of State. it up for the Senate. It cleared the Senate committee in the closing days of the lame duck session, and then went to the Senate K2021 Thomson Reuters. All rights reserved. floor on the last day of the session. It PROBATE LAW JOURNAL OF OHIO (ISSN 1050-5342) is a passed the Senate unanimously, as it had journal on probate law and practice in Ohio, edited by Robert M. Brucken, Retired Partner, Baker & Hostetler, Key Tower, 127 Pub- passed in the House. lic Square, Suite 2000, Cleveland, Ohio 44114. It is issued 6 times per year from September 1 through August 31; published and Now it gets tricky. The original bill copyrighted by Thomson Reuters, 610 Opperman Drive, P.O. Box 64526, St. Paul, MN 55164-0526. POSTMASTER: send address contained only four rather simple OSBA changes to PROBATE LAW JOURNAL OF OHIO, 610 Opper- man Drive, P.O. Box 64526, St. Paul, MN 55164-0526. proposals. It was expected to be amended Opinions expressed are those of the authors or advertisers and not with seven more important OSBA propos- necessarily those of the Publisher or Robert M. Brucken, Editor-in- als, that had first to be approved by the Chief. Correspondence should be addressed to the Editor-in-Chief. No part of this publication may be reproduced or transmitted in OSBA Council of Delegates in April. You any form or by any means, electronic or mechanical, including know what happened next. The virus came photocopying, recording, or by any information storage and retrieval system, without prior permission in writing from the upon us, the April OSBA meeting was Publisher. cancelled, and approval (of all seven) Subscription inquiries: 1-800-328-9352. finally came only by a virtual meeting in This publication was created to provide you with accurate and au- thoritative information concerning the subject matter covered; July. We were advised that it was then too however, this publication was not necessarily prepared by persons late to add the new proposals in the House licensed to practice law in a particular jurisdiction. The publisher is not engaged in rendering legal or other professional advice and or Senate. Meanwhile, the judges and oth- this publication is not a substitute for the advice of an attorney. If you require legal or other expert advice, you should seek the ser- ers had slipped into the bill in the Senate vices of a competent attorney or other professional. about a dozen of their own wish list items. For authorization to photocopy, please contact the Copyright That meant that after the bill cleared the Clearance Center at 222 Rosewood Drive, Danvers, MA 01923, USA (978) 750-8400, http://www.copyright.com or West’s Copy- Senate, it had to return to the House for right Services at 610 Opperman Drive, Eagan, MN 55123, copyri concurrence in those Senate amendments, [email protected]. Please outline the specific mate- rial involved, the number of copies you wish to distribute and the usually a formality. purpose or format of the use. The bill cleared the Senate on the last day of its session, but was somehow de- 110 K 2021 Thomson Reuters PROBATE LAW JOURNAL OF OHIO JANUARY/FEBRUARY 2021 | VOLUME 31 | ISSUE 3 layed in its immediate return to the House EPTPL Section Council (also in its last day) for concurrence. It did Member, PLJO Editorial Advisory Board not arrive there until after the House had adjourned. Too late! So it has not (yet) been INTRODUCTION enacted. A complete restatement of the Ohio LLC Act, which was enacted about 25 years ago, This is not a serious problem for the has been in the works for a while and was state. The leadership promises to give the finally approved by both the Senate and failed bill early attention in the new the Ohio House of Representatives on legislature. However, it is a problem for December 18, 2020. The new version is Probate Law Journal. This Jan/Feb 2021 based upon the “Revised Prototype Limited issue was to be dedicated entirely to the Liability Company Act” prepared by the new legislation, on the assumption there ABA Committee of LLCs, Partnerships, would be a ton of it. Well, there was some, and Unincorporated Entities (“Prototype”). and there should be more done early in the new session. So that’s what we are publish- The new Act was sponsored by Senators ing on in this issue, not only what has al- Roegner and Manning, with considerable ready been enacted but also what is ex- participation by the OSBA Corporation pected for enactment early in the new Law Committee, chaired by Mike Moeddel session. from Cincinnati. Other OSBA committees have been consulted, including the Busi- Two other failed bills that would have ness Entities Committee of the EPTPL been helpful to trust and estate practitio- Section; the asset protection experts on ners may also return in the new legislative that Committee have made important session. HB 270 included a simplified pro- contributions. The new Ohio Revised Lim- cedure for claiming unclaimed funds for a ited Liability Company Act (“New LLC closed estate, and HB 209 would have re- Act”) will become effective on January 1, pealed dower. Two failed bills that were 2022;1 and the currently existing LLC Act more problematic were HB 449, extending (R.C. 1705.01 to 1705.61) will be repealed the real estate transfer fee to transfer of 2 interests in certain LLCs and other pass- effective January 1, 2022. throughs owning real estate, and HB 692, The initial plan that both versions of the providing for remote witnessing of elec- law would exist together, with the old law tronic wills.
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