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Non-probate assets are those that do not require a courts involvement during the probate process, allowing for a smoother and quicker transfer to beneficiaries. These assets can include life insurance policies, retirement accounts, and properties held in joint tenancy, among others.
The probate process in Tennessee begins as soon as a death certificate, will, and petition are filed at the probate clerks office. Then, the probate clerk publishes a notification to creditors of the death, while the lawyer, executor, or personal representative sends notifications to any known creditors.
Probate concludes once all creditors are paid, taxes filed, and assets distributed or sold. Once the Executor has successfully completed their duties, a Probate Court judge will issue the Final Order for Discharge of Personal Representative, officially closing the Estate.
Probate can be closed by the Personal Representative when they have wrapped up all of the required steps, such as paying all debts and taxes of the estate, after the creditor claim filing period has concluded, and final distributions have been made.
The final accounting will list the basic information that was in the inventory, and will set forth the total amount of funds received and total disbursements, including the distribution to the beneficiaries. It also will list the sale of any assets that were listed in the inventory.

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If the final accounting is inaccurate, beneficiaries have the right to file objections with the court. This can lead to a court review to resolve any issues. Objections and Court Review: Filing Objections: Beneficiaries can file objections if they suspect inaccuracies, fraud, or mismanagement.

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