Legislature Passes Bill to Regulate "Heir Hunters"

Both the Ohio House and Senate have passed Sub. HB 83:

"To enact section 2109.361 of the Revised Code to require the probate court, upon application by an affected beneficiary, to determine the fairness of an agreement requiring a fiduciary or beneficiary to pay a percentage of an inheritance or a dollar amount to any person other than the beneficiary and to allow the probate court to approve, modify, or disapprove the agreement."

The purpose is to regulate professional "heir hunters", who track down beneficiaries in exchange for a percentage of the inheritance.  See Bill Analysis as Reported by S. Judiciary