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Topic starter
18/04/2014 5:28 pm
My parents are considering giving me Power of Attorney while they still have all their faculties. I understand that you cannot be given Power of Attorney whilst in a Trust Deed. The last payment to my Trust Deed is due at the end of this month. From this forum the Trust Deed should finalise in 6-8 weeks. Once the TD is finalised would I be able to take on the Power of Attorney role for my parents or does a further period of time need to pass?
Thanks
Matthew
Matt65
18/04/2014 10:43 pm
Hi Matt65.
There's no fixed period that your discharge will take, it varies from firm to firm.
However, once you've got your Form 5 and the discharge has been recorded on the (online) Register of Insolvencies you're finished with your trust deed.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
19/04/2014 7:12 am
Hi Matt65
TDA is correct as any restriction for a continuing power of attorney are lifted when you are discharged not the trustee.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
21/04/2014 11:43 pm
Thanks again for your advice
Matthew
Matt65
