Property Ownership
In Ohio, which of the following is TRUE about a property placed in a revocable living trust?
AThe property automatically goes through probate at the grantor's death
BThe property passes to the beneficiaries without probate upon the grantor's death✓ Correct
CThe grantor loses control of the property during their lifetime
DThe property becomes owned by the beneficiaries immediately upon transfer to the trust
Explanation
Property in a revocable living trust passes to the named beneficiaries at the grantor's death without probate. The grantor retains full control during their lifetime and can amend or revoke the trust.
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