Tennessee Code 67-8-423 – Liability of executors, administrators and trustees
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 67-8-423
- Executor: A male person named in a will to carry out the decedent
- Executor: includes an administrator, where the subject matter applies to an administrator. See Tennessee Code 1-3-105
- Trustee: A person or institution holding and administering property in trust.
[Not applicable to decedents who die in 2016 or after, see section 67-8-425.]
Executors, administrators and trustees shall be liable for all taxes payable on the estate, together with any interest or penalties provided in this part, until the same shall have been paid; provided, that in no case shall such executor, administrator or trustee be liable for a greater amount than was actually received by the executor, administrator or trustee.