Escheat of Tangible Personal Property Subject to Administration in This State

1. Law
2. Tennessee Code
3. Descent and Distribution
4. Escheat of Decedents' Estates
5. Escheat of Tangible Personal Property Subject to Administration in This State

1. Subject to subsection (b), all tangible personal property owned by a decedent that is subject to the control of a court of this state for the purposes of administration escheats to this state in accordance with § 31-6-101.
2. Property that otherwise falls within subsection (a) does not escheat to this state but goes to another jurisdiction if the other jurisdiction claims the property and establishes that:
   1. The other jurisdiction is entitled to the property under its laws;
   2. The decedent customarily kept the property in that jurisdiction prior to the decedent's death; and
   3. This state has the right to escheat and take tangible personal property being administered as part of a decedent's estate in the other jurisdiction if the decedent customarily kept the property in this state prior to the decendent's death.

Download our app to see the most-to-date content.