Tenn. Code Ann. § 35-17-105

Classification of property as community property — Enforcement — Duration — Management and control — Effect of distributions

Known as the Tennessee Community Property Trust Act

The act spans §§ 35–35 (8 sections).

Acts 2010, ch. 658, § 1.

(1) Whether or not both, one or neither is domiciled in this state, spouses may classify any or all of their property as community property by transferring property to a community property trust and providing in the trust that the property is community property.

(2) A community property trust is enforceable without consideration.

(3) All property owned by a community property trust will be community property during marriage.

(4) The right to manage and control property that is transferred to a community property trust is determined by the terms of the trust.

(5) When property is distributed from a community property trust, it shall no longer constitute community property.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.