(a) Whether or not both, one (1) or neither is domiciled in this state, spouses may transmute any or all of their property to community property by transferring property to a community property trust. (b) A community property trust is enforceable without consideration. (c) All property owned by a community property trust will be community property during marriage. (d) The right to manage and control property that is transferred to a community property trust is determined by the terms of the trust. (e) When property is distributed from a community property trust, it shall no longer constitute community property. Amended by 2023 Tenn. Acts, ch. 166, s 13, eff. 4/17/2023. Acts 2010 , ch. 658, § 1. (a) Whether or not both, one (1) or neither is domiciled in this state, spouses may transmute any or all of their property to community property by transferring property to a community property trust. (b) A community property trust is enforceable without consideration. (c) All property owned by a community property trust will be community property during marriage. (d) The right to manage and control property that is transferred to a community property trust is determined by the terms of the trust. (e) When property is distributed from a community property trust, it shall no longer constitute community property. Amended by 2023 Tenn. Acts, ch. 166, s 13, eff. 4/17/2023. Acts 2010 , ch. 658, § 1. (a) Whether or not both, one (1) or neither is domiciled in this state, spouses may transmute any or all of their property to community property by transferring property to a community property trust. (b) A community property trust is enforceable without consideration. (c) All property owned by a community property trust will be community property during marriage. (d) The right to manage and control property that is transferred to a community property trust is determined by the terms of the trust. (e) When property is distributed from a community property trust, it shall no longer constitute community property. Amended by 2023 Tenn. Acts, ch. 166, s 13, eff. 4/17/2023. Acts 2010 , ch. 658, § 1. (a) Whether or not both, one (1) or neither is domiciled in this state, spouses may transmute any or all of their property to community property by transferring property to a community property trust. (b) A community property trust is enforceable without consideration. (c) All property owned by a community property trust will be community property during marriage. (d) The right to manage and control property that is transferred to a community property trust is determined by the terms of the trust. (e) When property is distributed from a community property trust, it shall no longer constitute community property. Acts 2010 , ch. 658, § 1.
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