Qualified Affidavit Requirements

  1. Law
  2. Tennessee Code
  3. Fiduciaries and Trust Estates
  4. Tennessee Investment Services Act of 2007
  5. Qualified Affidavit Requirements

Checkout our iOS App for a better way to browser and research.

A qualified affidavit shall state that:

  1. The transferor has full right, title, and authority to transfer the assets to the trust;
  2. The transfer of the assets to the trust will not render the transferor insolvent;
  3. The transferor does not intend to defraud a creditor by transferring the assets to the trust;
  4. The transferor does not have any pending or threatened court actions against the transferor, except for those court actions identified by the transferor on an attachment to the affidavit;
  5. The transferor is not involved in any administrative proceedings, except for those administrative proceedings identified on an attachment to the affidavit;
  6. The transferor does not contemplate filing for relief under the federal bankruptcy code; and
  7. The assets being transferred to the trust were not derived from unlawful activities.


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