Agreement Establishing Community Property Trust — Amendments and Revocation

1. Law
2. Tennessee Code
3. Fiduciaries and Trust Estates
4. Tennessee Community Property Trust Act of 2010
5. Agreement Establishing Community Property Trust — Amendments and Revocation

1. In the agreement establishing a community property trust, spouses may agree on:
   1. The rights and obligations in the property transferred to the trust, notwithstanding when and where the property is acquired or located;
   2. The management and control of the property transferred to the trust;
   3. The disposition of the property transferred to the trust on dissolution, death, or the occurrence or nonoccurrence of another event;
   4. The choice of law governing the interpretation of the trust; and
   5. Any other matter that affects the property transferred to the trust and does not violate public policy or a statute imposing a criminal penalty.
2. 1. Either spouse may amend a community property trust regarding the disposition of that spouse's one-half (½) share of the community property in the occurrence of such spouse's death.
   2. Except as provided in subdivision (b)(1), a community property trust may not be amended or revoked unless the agreement itself provides for amendment or revocation.

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