Estates - As enacted, states that the Uniform Partition Heirs Property Act does not apply to sales of land to pay the debts of an estate; revises the method for determining a decedent’s gross estate for purposes of calculating a surviving spouse's elective share. - Amends TCA Title 29; Title 31 and Title 34.

Summary

The law removes the Uniform Partition Heirs Property Act from applying when land is sold to pay an estate’s debts. It also revises the method for determining a decedent’s gross estate for a surviving spouse’s elective share, using the federal estate‑tax definition while excluding certain assets and valuing life‑estate trusts actuarially. The changes affect heirs, surviving spouses, and courts handling probate and conservatorship matters.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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