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Scottish Trust Deed Forum
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Topic starter
21/07/2017 5:50 pm
Hi could somebody explain how sons student loan should be accounted for. Would I need to declare everything he gets as part of house income or just what he contributes as board. Would they question if they felt he should contribute more?
Dell
21/07/2017 6:01 pm
Hi Dell2u.
I'd imagine your trustee will only be interested in what your son contributes as board.
If that amount were sufficient to ensure that your creditors are being treated fairly I doubt there will be any issue at all.
If the amount paid were so low that it was really affecting your ability to contribute towards your debts, there might be questions. For example, if your expenditure related directly to him were much higher than the amount he is contributing then this might be something your trustee would like to talk about some more.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
22/07/2017 12:51 pm
Hi Dell2u,
I would look at this as TDA has suggested in terms of what your son pays a board towards the household so it's actually pretty simple and your debts and Trust Deed should not have an impact on your son financially.
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