§ 67-8-308. Transfers to Executors and Trustees. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-318.]
If property is transferred to executors or trustees in lieu of their commissions or allowances, the excess in value of the property so transferred above the amount of commissions or allowances that would be payable in the absence of such transfer, shall be taxable.
§ 67-8-301. Construction. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-318.]
This part and part 4 of this chapter shall in no wise be construed impliedly or expressly to repeal or modify the Tennessee Estate Tax Law, compiled in part 2 of this chapter.
§ 67-8-302. Classification of Beneficiaries. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-318.]
The following named beneficiaries shall be included in: Class A: Husband, wife, son, daughter, lineal ancestor, lineal descendant, brother, sister, stepchild, son-in-law or daughter-in-law. For the purposes of parts 3-5 of this chapter, a person who is related to the decedent as a result of legal adoption shall be considered to have the same relationship […]
§ 67-8-303. Tax Imposed — Property Subject to Tax Generally. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-318.]
A tax is imposed for the general uses of the state, under the conditions and subject to the conditions and limitations prescribed in this part, upon transfers, in trust or otherwise, of the following property, or any interest in the property or accrued income from the property: When the transfer is from a domiciliary of […]
§ 67-8-304. Taxable Transfers Generally. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-318.]
The following transfers enumerated in § 67-8-303 shall be taxable: Transfers made by a will; Transfers made by statutes regulating descent and distribution of property upon the death of the owner; Transfers made by gift of the decedent to the extent of the value of any interest in property transferred, by trust or otherwise, during […]
§ 67-8-305. Property Held Jointly. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-318.]
Whenever any property was held jointly by the decedent and one (1) or more persons as tenants by the entirety or otherwise, or was deposited in banks or other depositories or institutions in the joint names of the decedent and one (1) or more other persons and was payable to one (1) or more, or […]
§ 67-8-306. Life Insurance. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-318.]
If the decedent was a resident of this state, there shall be included in the gross estate the proceeds of insurance policies payable to named beneficiaries, or to the decedent’s estate, or in such manner as to be subject to claims against the decedent’s estate and to distribution as a part thereof. This section shall […]
§ 67-8-307. Revocable Trusts. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-318.]
The gross estate of a resident shall include property specified in § 67-8-303(a)(1), and the gross estate of a nonresident shall include property specified in § 67-8-303(a)(2) transferred by the decedent by deed of trust in which the decedent reserved to the decedent, alone or in conjunction with others, powers of revocation, alteration or amendment, […]