Garnishments and Executions - As enacted, makes various revisions to provisions related to property that is exempt from execution, seizure, or attachment. - Amends TCA Section 26-2-111.

This bill updates Tennessee laws regarding which retirement and pension funds are protected from being taken by creditors. It clarifies that payments from plans like 401(k)s and pensions remain exempt from seizure unless the account holder can choose to receive the money as a lump sum or in small installments before turning 58. The legislation also explicitly confirms that these qualified plans cannot be subpoenaed by creditors, ensuring they stay shielded unless specific exceptions in the law apply. These changes directly affect individuals who rely on retirement accounts and face debt collection actions.