Does an executor in Tennessee need to show financial details to heirs?

Full question:

In the State of Tennessee does a executor of a will have to show detail of execution of will and financials to the heirs.

Answer:

The requirement for an executor to provide details about the execution of a will and financials to the heirs depends on the will's provisions and the court's requirements. If the will includes a waiver of accounting, the executor may not need to provide an accounting to the court or the heirs, although some courts might still require it. As the executor represents the estate, they may need to disclose execution details and financial information to the heirs. If the court is involved, heirs will likely have access to enough information to stay informed.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Executors are liable for managing the estate according to the will and state laws. They must act in the best interest of the beneficiaries and handle assets responsibly. If they fail to adhere to these duties, they may be held accountable for any losses incurred by the estate or beneficiaries. This includes mismanagement of funds or failure to distribute assets as outlined in the will.