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Topic starter
02/09/2012 12:52 pm
Just wondering what happens if you receive money from someone that has nothing to do with debts? Im getting married next year and my parents want to buy my kilt for me. If they put the money into my account would this be regarded as receiving money that could go towards my Trust Deed? I realise my folks could just give me the cash, but I was just curious as to where I stand on any amounts being given to me for any reason.
02/09/2012 12:56 pm
Hi headwire.
I'm sure a gift for that type of purpose would not cause an issue.
Always best to run it by your trustee if you want to be 100% certain though.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
02/09/2012 11:37 pm
I have been in a trust deed since February and recently got married. Although we didn't ask for gifts, a few friends and relatives gave us cheques on the day. I contacted my trustee to ask about the position regarding this money and he advised that there would be no interest in it as the money is from third party gifts. I appreciate that this not exactly the same thing but hopefully they would look at any money from your parents as a gift also. I don't know if this is just my trustee's position or if it is a rule that monetary gifts are treated this way. It was definitely a relief to hear we wouldn't lose our wedding gifts!
03/09/2012 9:50 am
There won't be any problem with what you are describing, Headwire. Probably best just to drop your case manager a note just in case it is picked up on your bank statements during a review.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
Topic starter
04/09/2012 10:31 pm
Thanks everyone for your replies. I will inform my case manager and let them know.
