Q: In Tennessee, if the decedent owes no debts, but, has a lawsuit settlement in progress, can probate be closed or does it
have to wait for the proceeds from the lawsuit?
A: You need to talk to whoever is Administering the Estate. He might have a partial distribution prior, but he will probably wait until all assets are marshaled, and fiduciary compensation/claims ascertained. Otherwise he will not be able to calculate a Final Accounting. This is the case anywhere, not just TN.
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