Hi
I believe that the simple answer to this question would be yes.

Tonyd

In almost all circumstances the answer would be yes elainemilo.

When you sign a trust deed you agree to pay over what you can afford towards your debts. If you come into money it seems only fair that the creditors receive more of what is owed to them by you.

Hi elainemilo,

As tonyd and TDA have advised, if you inherit money or any other type of asset then this would normally be ingathered into the Trust Deed and put towards paying back more of the money that you owed to creditors.

A Trust Deed is a repayment plan based on what a client can afford to pay back. Realistically the proposal which is made to the creditors at the outset of a Trust Deed is the minimum that they can expect to receive back. If someone's circumstances stay the same then that's what they pay back which is normally between 10p and 25p in the £. Should that clients circumstances change i.e. increased income, bonuses or acquiring assets via inheritance etc then creditors will receive more of their money back as this will increase the money in Trust Deed pot.

Unfortunately I think that some companies don't discuss the possibility of inheritance and what happens in this scenario when they sign someone up to a Trust Deed. This can then cause confusion and problems later on down the line in a Trust Deed if something like this happens.

I have it in writing that it is supposed to be finished jan2014

What is it that you have in writing elainemilo?

We confirm to people when their final payment is and when their Trust Deed is due to complete but unfortunately your not discharged until you receive your Form 5. This is your official discharge. Even then, if you have acquired an asset before this your Trustee can look to take this into consideration.

It says the anticipated trust deed will be 42 months that was in aug 2010

I suspected that might be the case. This is just an indication of the length of the Trust Deed. I'm sorry to say but this doesn't mean your Trust Deed is finished in Jan or Feb 2014 and your still in a legally effective Trust Deed unless you have received your Form 5.

The length of the trust deed is only an estimate. Mine was estimated as 3 years in 2005 and as yet I still have not been discharged. Am sorry to say but if you already have the inheritance and you have not been discharged by being sent the form 5 then your trustee needs to be told about the inheritance.

Tonyd