(a) The notice of insolvency shall contain an accounting of assets that have come into the hands of the personal representative and a proposed plan of distribution in accordance with § 30-2-317.
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Terms Used In Tennessee Code 30-5-103

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Personal representative: when applied to those who represent a decedent, includes executors and administrators, unless the context implies heirs and distributees. See Tennessee Code 1-3-105
  • Representative: when applied to those who represent a decedent, includes executors and administrators, unless the context implies heirs and distributees. See Tennessee Code 1-3-105
(b) The notice shall bear, in a conspicuous manner, the following language:

Objections to this proposed plan of distribution must be filed with the clerk within thirty (30) days from the date of receipt of this notice.

(c) If no objections are filed within the thirty-day waiting period, the personal representative may execute the proposed plan of distribution and close the estate, relieving the personal representative of any further liability to the estate.
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