35-15-601 - Capacity of settlor of revocable trust Form of execution for post-death disposition. - Tennessee Statutes

35-15-601. Capacity of settlor of revocable trust Form of execution for post-death disposition.

The capacity required to create, amend, revoke, or add property to a revocable trust, or to direct the actions of the trustee of a revocable trust, is the same as that required to make a will. To be effective as a post death disposition of property transferred during the transferor's life or by the transferor's will to a trust of which the transferor is the settlor or deemed to be the settlor, neither a revocable nor irrevocable trust existing on or executed after July 1, 2004, has to be executed with the formalities of a will.

[Acts 2004, ch. 537, § 47; 2005, ch. 99, § 8.]