Hi Stephanie

The Trust Deed will have no effect on this. It is like gas, electricity etc and will continue as normal.

Mark

Great, thank you

Phew! That was quick.

No problem.

Mark

Can I ask another question - I know it's all ifs and buts but if I was to enter into a trust deed and say half way through it my husband or I were made redundant, would all of the redundancy money have to be paid over or would we be able to keep some of it ? What would be the standard practice ? Thanks

Hi Stephanie

Generally your Trustee can have no interest in your husbands money/assets under a Trust Deed.

If you were made redundant then the Trustee could look at the non statutory element of the payments. By that I mean if you received an additional payment, then he could look at that.

Mark

Hello Stephanie.

There's some further information about redundancy during trust deeds here:

(2020 update: link removed)

Thank you TDA, that was most helpful and reassuring. It's such a worrying time, so many ifs and buts - it's hard to know what to do but seeing an end in sight is the most attractive prospect of all, thank you.