Notifications
Clear all
Scottish Trust Deed Forum
6
Posts
2
Users
0
Reactions
4,367
Views
Topic starter
17/02/2019 10:35 pm
I was made power of attorney for my Father around 10 years ago, during this time i have completed and been discharged from a PTD...my question is, can my previous PTD have any bearing on me being the POT for my Father,and will any previous creditors of mine, have or try to have an interest in my inheritance, Form 5 issued to me over 4 years ago, all paid in full.ps Father in good health at mo thank goodness, so its a question for the future
Thank You
18/02/2019 8:29 am
Littlemo
I have looked into this some time ago and there is no legal restrictions preventing you to be a Power of Attorney during your Trust Deed or after you have been discharged.
Sharon is no longer posting in the forum.
Topic starter
18/02/2019 8:15 pm
Thank you for your swift reply, my main concern is can the trust deed company i used and or my previous debtors pusue me for any monies received from inheritance after my discharge.
Regards
19/02/2019 8:30 am
Littlemo
If you signed a TD after 2013, then any assets acquired during a 4 year period from the date in which you signed is conveyed to your trustee. If inheritance received after this then the trustee has no longer right over the inheritance.
Sharon is no longer posting in the forum.
Topic starter
20/02/2019 2:53 pm
Thanks for that, signed TD in 2012...completed with form 5 in 2015?
20/02/2019 4:57 pm
Yeah you will be fine then
S
Sharon is no longer posting in the forum.
