SB534 — Trusts - As enacted, establishes as a default rule of state trust law that a beneficiary is a non-fiduciary unless appointed in such capacity, and makes certain other changes relative to trusts. - Amends TCA Title 30 and Title 35.

SB534 — Trusts - As enacted, establishes as a default rule of state trust law that a beneficiary is a non-fiduciary unless appointed in such capacity, and makes certain other changes relative to trusts. - Amends TCA Title 30 and Title 35. · Informed CitizenryThis bill amends Tennessee trust laws regarding the roles of trustees, trust advisors, and trust protectors. It establishes that a beneficiary is a non-fiduciary unless specifically appointed as on…Open in Informed Citizenry