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Substitution of Trustee Mississippi Form

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[Music] hi this Keith Davidson from Albertson and Davidson in this video I'm discussing is a trustee personally liable for the debts of a trust and the short answer is no they're not a trustee is acting in a fiduciary capacity that means that they are occupying the office of trustee and within that office of trustee they're required to gather all the assets together and pay the trust debts and expenses but if there's not enough money in the trust to pay the debts and expenses then the creditors are just out of luck the creditors do not have a right to go after the trustees own personal individual assets and they certainly do not have an expectation or they don't have a legal right to expect that the trustee is going to pay them out of their own pocket the debts of a trust belong to a trust and only the trust will have to pay those and if the trust doesn't have enough money then the creditor simply will not be paid albertson and Davidson i

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