Senate Bill 1910, also known as House Bill 2454, amends various sections of the Tennessee Code Annotated related to trust and estate law. Key changes include the addition of a new subsection that allows a will to be admitted to probate in Tennessee if it meets certain criteria based on the state where it was signed or the testator's domicile. The bill also modifies the rights of charitable organizations designated in trusts, allowing them to act as qualified beneficiaries and receive relevant notices. Additionally, the bill increases the threshold for certain trust distributions from $100,000 to $250,000 and clarifies the ability of trustees to pay expenses directly from the trust estate.

Further amendments include the replacement of the term "agreement of the qualified beneficiaries" with "nonjudicial settlement agreement" in multiple sections, and the introduction of provisions that allow for the redaction of confidential trust information in court filings. The bill also establishes protections for trustees, trust advisors, and trust protectors acting in managerial capacities regarding closely held businesses, provided they meet specific good faith criteria. The act is set to take effect on July 1, 2026, and includes a request for the Tennessee Code Commission to publish revisions to official comments related to the amendments.

Statutes affected:
Introduced: 32-1-107, 35-15-110, 35-15-103, 35-15-414(a), 35-15-414, 35-15-709, 35-15-710, 35-15-808(b), 35-15-808, 35-15-817(f), 35-15-817, 35-15-817(j), 35-15-817(k), 35-15-818, 35-15-1201(a), 35-15-1201, 35-15-1201(a)(14), 67-4-2008(a)(11)(B)(i), 67-4-2008