Disclaimer: This article is for educational purposes only and does not constitute legal advice.

Detailed Answer

In Tennessee, settling an estate follows a clear legal framework. A personal representative (also called an executor or administrator) guides the process under the Tennessee Code Annotated (T.C.A.). Here are the core steps:

1. Appoint a Personal Representative

An interested party files a petition in the probate court of the county where the decedent lived. The court issues Letters Testamentary or Letters of Administration, empowering the representative to act. See T.C.A. § 30-1-101.

2. Locate and Secure Assets

The representative must identify bank accounts, real estate, investments, vehicles, personal property, and digital assets. Review the decedent’s records, mail, and safe-deposit boxes. Change locks and insure real property to protect the estate.

3. Inventory and Appraisement

Within six months, Tennessee law requires filing a detailed inventory and appraisal of all estate assets. This document shows item descriptions and fair market values on the date of death. See T.C.A. § 30-2-307.

4. Give Notice to Creditors

The representative must publish a notice in a local newspaper and mail individual notices to known creditors. Creditors then have 90 days to submit claims for debts or expenses. See T.C.A. § 30-2-306.

5. Pay Debts and Expenses

Review each creditor’s claim and pay valid obligations from estate funds. This includes funeral costs, administrative expenses, taxes, and secured claims. If assets do not cover debts, Tennessee’s priority rules apply.

6. Final Accounting and Distribution

After settling debts, the representative prepares a final accounting showing all receipts, disbursements, and remaining assets. The court reviews the accounting before approving distribution to beneficiaries. Distribution follows the will or, if none exists, Tennessee’s intestacy statutes. See T.C.A. § 30-2-101 et seq.

7. Close the Estate

Once beneficiaries receive assets and the court accepts the final accounting, the judge issues an order discharging the personal representative. This completes the probate.

Helpful Hints

• Keep organized records of all communications, receipts, and filings.
• Contact banks early to identify all accounts and safe-deposit assets.
• Obtain professional appraisals for valuable items like real estate or collectibles.
• Send notices promptly and track delivery to avoid missed claims.
• Consult an attorney if the estate involves complex assets or disputes.
• Maintain transparency with heirs to reduce conflicts and delays.