TBA Legislative Agenda – Probate Omnibus bill

Sen. Todd Gardenhire, R-Chattanooga, and Rep. Johnny Garrett, R-Goodlettsville, have introduced a bill drafted by the TBA’s Probate Study Group, and supported by the TBA. SB542/HB675 addresses a variety of different issues within estates and trusts, such as allowing a trustee who has resigned the authority to petition the court for a release and discharge from all liability related to the trust and also permitting a revocable living trust that becomes irrevocable upon the death of the settlor to refer to a written statement of personal property not otherwise disposed of by the revocable trust. The TBA Governmental Affairs team will work with legislators to make this bill law.
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