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18 chapters · 531 sections in this title.
Miss. Code Ann. § 91-8-504 Creditors’ claims against settlor
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(a) Whether or not the terms of a trust contain a spendthrift provision, the following rules apply:(1) During the lifetime of the settlor, the property of a revocable trust is subject to claims of the settlor’s creditors.(2) Except as provided in the Mississippi Qualified Disposi…
Miss. Code Ann. § 91-8-505 Distributions relative to support, mandatory and certain remainder interests
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(a) Relative to a support interest, whether or not a trust contains a spendthrift provision:(1) Although a beneficiary of a support interest has enforceable rights under Section 91-8-814, those rights do not raise the beneficiary’s support interest to the level of a property inte…
Miss. Code Ann. § 91-8-506 Personal obligations of trustee
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Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.
Miss. Code Ann. § 91-8-507 Removal or replacement power over trustee or other fiduciary not reachable by holder’s creditors; interests of beneficiary who is also a trustee or other fiduciary not reachable
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(a) A creditor or assignee of a beneficiary does not have the power to reach an interest of a beneficiary or any other person who holds an unconditional or conditional removal or replacement power over a trustee or other fiduciary. Such power over a trustee or other fiduciary is …
