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Topic starter
23/05/2013 12:45 pm
Hi guys,
Just had a letter drop through my door from my current trustee. in which it basically outlines he has "assumed and additional trustee", but that he has also "resigned as trustee". I take it this means he has left the company or something and has put someone else in his place to take over this trust deed?
will this have any effect on my trust deed or should everything still be exactly the same, just closed by someone else now (my trust deed only has about 12 weeks left)?
Thanks for the help, I suspect this is nothing major, but just thought I would make sure 🙂
23/05/2013 12:59 pm
Hi mick1985
It should not really make a difference you. It may simply be that your Trustee has retired, or some other simple explanation. Don't worry.
23/05/2013 1:30 pm
Hi mick1985.
I very much doubt that there is anything to worry about.
As with any other business, people will move on from time to time. It doesn't change the nature of your agreement in any way. There's just a new person that is now ultimately responsible for the proper conduct of your case.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
23/05/2013 1:54 pm
Hi mick
as stated above, this normally occurs when a Trustee retires ( or loses his permit!!)
The changeover should not have any real effect on things.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
23/05/2013 3:15 pm
thanks for the responses guys, I did think it would be a pretty routine thing, but it never hurts to ask people in the know 🙂
Cheers,
Mick
23/05/2013 5:48 pm
Hi Mick
As the others have said, this is nothing to be worried about - just something that happens when a trustee leaves a firm and another insolvency practitioner is taking over responsibility for the case. The practicalities of your trust deed from your point of view are entirely unaffected.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
23/05/2013 7:15 pm
Bet everyone's curious who it is and why he left/retired!
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
23/05/2013 8:19 pm
I had the same letter as mick1985, glad this is nothing to worry about but my standing order at the bank goes out in my trustees name. I take it that as he will no longer be there this should be changed?
23/05/2013 9:02 pm
Oh! Alpha, I thought you were going to give us a name!!
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
24/05/2013 12:23 pm
Sorry to disappoint, Mark, but there isn't any juicy gossip! It's just one of the IPs here at RSM Tenon moving on to pastures new.
To AlphaB - don't worry, your standing order doesn't need to be changed.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
