Bill > SB1935

This bill expands the homestead exemption, which is a legal protection that allows individuals to keep a certain amount of equity in their primary residence from creditors or during the distribution of an estate, to include adult children with developmental or intellectual disabilities. Specifically, upon the death of the head of a household, the homestead exemption will now extend to a child who is 18 years of age or older and has a developmental disability or intellectual disability, provided they continue to use the property as their principal residence. The bill also clarifies that the terms "developmental disability" and "intellectual disability" will be defined as they are in Section 52-1-101 of Tennessee law, and it updates provisions related to how homestead rights are assigned and set apart in an estate, including allowing for a cash or personal property payout of $35,000 in lieu of homestead rights if the property cannot be physically divided.

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https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1935&ga=114