Tenn. Code Ann. § 67-8-308: [Not applicable to decedents who die in 2016 or after, see section 67-8-318.] Transfers to executors and trustees

If property is transferred to executors or trustees in lieu of their commissions or allowances, the excess in value of the property so transferred above the amount of commissions or allowances that would be payable in the absence of such transfer, shall be taxable.