Tennessee SB0534 amends trust laws to update notice requirements, clarify roles of trust advisors and protectors, and establish procedures for.

Tennessee SB0534 amends Tennessee Code Annotated, Title 30 and Title 35, to update notice requirements for trust-related communications, clarify the roles of trust advisors and protectors, and establish procedures for contesting the validity of trusts. The bill specifies permissible methods of notice, including electronic means if consent is provided. It also defines when a trust advisor or protector is considered a fiduciary and when they can serve in a nonfiduciary capacity.

Tennessee SB0534 amends trust laws to update notice requirements, clarify roles of trust advisors and protectors, and establish procedures for.

Tennessee SB0534 amends Tennessee Code Annotated, Title 30 and Title 35, to update notice requirements for trust-related communications, clarify the roles of trust advisors and protectors, and establish procedures for contesting the validity of trusts. The bill specifies permissible methods of notice, including electronic means if consent is provided. It also defines when a trust advisor or protector is considered a fiduciary and when they can serve in a nonfiduciary capacity.