Senate Bill 541 amends various sections of the Tennessee Code Annotated related to probate matters, specifically focusing on the responsibilities of beneficiaries and creditors in the claims process. A new subsection is added to Section 30-2-301, outlining that beneficiaries must be aware of claiming creditors and are responsible for filing exceptions to their claims. Additionally, the bill introduces a new subdivision to Section 30-2-301, which mandates that testamentary distributees or intestate heirs receive information about their right to except to creditor claims. The bill also modifies Section 30-2-306 to clarify the timeline for filing exceptions and introduces a new subsection detailing the responsibilities of claiming creditors in filing exceptions against other creditors.

Furthermore, the bill revises Section 30-2-314 by updating the process for filing exceptions to creditor claims, ensuring that all parties involved are informed and have the opportunity to contest claims within specified timeframes. It also makes significant changes to Section 32-2-104, defining terms related to different types of wills, including holographic and nuncupative wills, and outlining the requirements for admitting these wills to probate. The act is set to take effect upon becoming law, emphasizing the importance of clarity and responsibility in probate proceedings.

Statutes affected:
Introduced: 30-2-301, 30-2-301(b)(1), 30-2-306(b), 30-2-306, 30-2-314, 32-2-104(a), 32-2-104