HB2451 amends Tennessee estate and conservatorship laws, excluding certain assets from gross estate for inheritance tax purposes.
HB2451 modifies Tennessee Code Annotated, Title 29, Title 31, and Title 34, concerning civil law. It excludes specific assets from the decedent's gross estate for inheritance tax purposes, aligning with federal estate tax rules. The bill also revises the language in the petition for the appointment of a conservator to ensure clarity and consistency. The changes take effect on July 1, 2026.
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