Tennessee HB0817 amends trust laws to address improper distributions, notice requirements, and reimbursement of settlor's tax liabilities.

Tennessee HB0817 amends Tennessee Code Annotated, Title 30 and Title 35, relative to trusts. It mandates that beneficiaries return improper distributions to the court upon receiving a final judgment. Failure to do so subjects the beneficiary to costs and attorney fees. The bill also modifies notice requirements for trust-related communications, allowing electronic means if consent is provided. It allows a disinterested trustee to reimburse the settlor for personal income tax liabilities attributable to the trust, unless the trust instrument expressly prohibits it.

Tennessee HB0817 amends trust laws to address improper distributions, notice requirements, and reimbursement of settlor's tax liabilities.

Tennessee HB0817 amends Tennessee Code Annotated, Title 30 and Title 35, relative to trusts. It mandates that beneficiaries return improper distributions to the court upon receiving a final judgment. Failure to do so subjects the beneficiary to costs and attorney fees. The bill also modifies notice requirements for trust-related communications, allowing electronic means if consent is provided. It allows a disinterested trustee to reimburse the settlor for personal income tax liabilities attributable to the trust, unless the trust instrument expressly prohibits it.