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24/03/2015 1:04 pm
If a couple are both in a trust deed how do we deal with things like mortgage and utility bills? They come off my account but my wife transfers money to me. Do we split everything down the middle or do we put the full amount on both expenses forms?
Also, when we signed up we were told individually that we should let out trustee know of a windfall payment of over £500. What if that 500 pounds was for both of us £250 each, do we still need to contact our trustee?
I just don't want to think I'm doing the right thing only to be told later I wasn't.
24/03/2015 1:30 pm
Welcome to the forum hey joe.
Are you completing review paperwork at the moment?
Different firms will analyse shared costs in slightly different ways, so you might want to get in touch with them and seek their guidance.
In terms of a windfall, let your trust deed provider know about it so that they can assess what the status is under the agreement you made.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
24/03/2015 3:23 pm
Hi hey joe ( doesn't quite sound right!)
The normal way to look at the expenses would be to do a pro rata split. However there should be nothing to stop you listing all household income and all household expenses as one figure rather that splitting this.
The way the trustee would normally deal wit this would be to look at the surplus and then do the split ( if that makes sense ) What I mean is that the full income and expenditure is listed and you are left with one surplus figure. If your income represents 70% of the total, then it would be allocated as 70% to you and 30% to the other party.
I'm guessing that the £500 will be each as opposed to £250 each.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
24/03/2015 9:17 pm
Thank you for your help. Joe
