Amends TCA Title 30 and Title 35.

Tennessee SB0534 amends the Tennessee Uniform Trust Code by revising provisions related to the appointment of public trustees, the knowledge of facts involving a trust, and the requirements for valid lifetime trusts. It affects trustees, beneficiaries, and trust advisors by expanding the circumstances under which a public trustee can be appointed, allowing electronic means for notice and knowledge, and simplifying the requirements for asset transfers into trusts. Key changes include removing the $100,000 market value limit for trust estates and clarifying the conditions under which a trust can be contested.