Add a Calculated Field Legal Tennessee Small Estates Forms For Free

The Small Estate Form allows the Executor(s)/Next of Kin to legally transfer shares from a person who has passed away into their name(s) and provides information in regards to how the shares can be sold.

Dying Intestate: No Surviving Spouse and/or Descendants If you die intestate and you do not have either a spouse or descendants, the State of Tennessee dictates that the subsequent relative to inherit your estate is any surviving parents. If your parents survive you, your estate is distributed to them in equal parts.

Once the executor receives authority to manage the estate, they have 60 days to file an inventory of the estate with the probate court. Creditors then have up to 12 months to enter their claims on the record.

In Tennessee, estates with basic checking and savings accounts worth less than $15,000 do not have to go through the probate process for those assets to be distributed to heirs. In cases where an estate's assets are worth less than $50,000, a court administration process is available to distribute the assets.

If you're an heir or a designated occupant, you may be allowed to stay in a home during probate. However, living in the house does not grant you ownership rights until the process is complete.

If requested, the executor must provide all relevant information to the beneficiaries. For example, if a beneficiary requests the executor provide a bank accounts statements since the decedent had at death, the executor has an obligation to provide those statements.

If they are not settling the deceased's estate and moving the process along, someone else should take over. An executor can also be brought to court if they do not communicate with the beneficiaries. People should be told right away if they are included in a will.

Beneficiaries are entitled to request bank statements from the executor by making an informal written request for them. Some executors may attach bank statements to their accountings for added transparency without beneficiaries having to ask, but it's usually not a requirement for them to do so.

Tennessee probate follows this general flow: contact the court, get appointed as personal representative, submit will if it exists, inventory and submit valuations of all relevant assets, have the court and beneficiaries approve it, and then distribute the assets to beneficiaries.