Afraid the money from the shares is an asset and your trustee is due the money for them.

There is nothing stopping you getting a loan. But if you can pay it back trustee might wonder where the repayment money is coming from.

Best advise is ask your trustee first before you do anything.

Hi Scottmc1.

You should inform your trustee about the share sale. If it simply plugs a hole for the income you've lost last month, I doubt there will be an issue. If it's more than that then your trustee is likely to have an interest in the money.

There's no rule while in a trust deed that forbids you from taking out credit. It's almost always a bad idea, but if you're 100% certain it can be repaid so quickly and affordably then it's less risky I guess. You should still speak to your trustee first though, so that you're comfortable you'll be actually able to use the proceeds of the share sale to repay any new loan.

I agree - always best to be up front and a good trustee will take a reasonable view of things. If your income was reduced and you have sold the shares to "break even" then I don't see how there is any detriment to your creditors from that. However, doing it without sanction from your Trustee may well lead to problems.