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Scottish Trust Deed Forum
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Topic starter
06/07/2010 3:09 pm
Hi i have a protected trust deed in place and intend to get married next year, at the time of signing my TD i had no home or major assets. My fiancee has a house and when we become married this will then become the marital home and i think could then be seen as an asset? Is this correct, would this cause any problems with my TD ie having to use the equity in the house to pay of my debt? Any help in clearing this up would be great thanks.
06/07/2010 3:15 pm
Hello gen13,
Welcome to the forum. You ask a very interesting question.
I'm sure one of our experts will share their thoughts with you soon.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
06/07/2010 5:22 pm
Hi gen13
Stop worrying, while it may be the marital home, it's not an asset and won't be unless he legally transfers it into your name. (which I wouldnt advise)
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
06/07/2010 5:26 pm
Or "she"!
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
06/07/2010 11:50 pm
Oops! Sorry, I always work on the basis of a relevant answersrather than checking profiles n stuff. I'll consider myself sin binned for a bit!
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
07/07/2010 10:00 am
Hi Thanks for clearing that up mark we won't be transferring it into my name just at the moment then!!! and amy was right it should have been she lol!!
thanks for your help
07/07/2010 12:50 pm
Hi gen13
No probs. It's a fairly common question, but assets very rarely transfer in Trust Deeds unless a legal transfer takes place.
Regards
Mark
PS I'll check the profiles in future.
Mark is not posting regularly in the Trust-deed.co.uk forum.
