Hi Roverrunner76,

It’s a bit of a tricky one for you trying to decide what you should do and I’m sure there has been some sleepless nights this week thinking about it.

If you weren’t in a Trust Deed and lived in rented accommodation would you take up the position if you were successful in the application? Is the only thing holding you back your Trust Deed?

As you have suggested you could rent out your current property with the agreement of your Trustee and relocate to rent somewhere. If you did everything right it may not cost you anything extra per month in terms of expenditure. One thing to be mindful of is any change in your financial circumstances could result in a change to your contribution i.e. more money per month could mean an increase.

If you didn’t take up the opportunity would you look back with regrets? There is no harm is going through the interview process and if successful you then have a decision to make. If you didn’t apply you would never know. What if the school said they would help with relocation costs etc.?

Relocating is always a big decision but your daughter is young enough that she would probably be fine and make friends quickly at her new school and your wife may be able to secure new employment in the new area.

It could be a good idea to sit down with your wife and write out all the pros and cons of a relocation.

Try to focus on the positive opportunities and don’t let the Trust Deed hold you back from progressing your career if that’s what you would like to do.

Hope this helps in some way.

I think swandog is right - the Trust Deed is a bit of a red herring here really, you just need to decide what your preferred outcome is and then see how you can best get there.

What would you do if you weren't in a Trust Deed? I guess you would go to the interview, see if you get offered the job and then see if it makes practical/economic sense to take it.

It isn't impossible to sell up and relocate if that is what you want to do. Is the equity in your home fairly low? If so then you might feel it is worth giving up your share of any proceeds in order to pursue your career further. I guess you would have to rent for a while instead, but once clear of your Trust Deed and earning a higher wage you might be able to save for a deposit on a new place fairly quickly.

It may even be that your trustee would allow you to retain some of the proceeds of selling your home to cover relocation costs - if it means that you will be able to contribute more once on a higher wage then I don't see why not.