Legal Question in Wills and Trusts in Tennessee

When home is going through probate and is being sold to a cash buyer does the offer need to be in a contract and the home appraised in tn?


Asked on 8/15/10, 10:48 am

1 Answer from Attorneys
Caitlin Moon C2Law

Sale transactions involving real property in Tennessee must always be in writing. Further, the transaction should be memorialized in contract form for the probate record, if the property is part of an estate still in the probate process. If a fiduciary(e.g. executor) is handling the sale transaction as part of his/her probate duties, and on behalf of beneficiaries, then he/she should have the value established in a written appraisal.

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Answered on 8/20/10, 11:14 am


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