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Scottish Trust Deed Forum
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Topic starter
15/11/2012 9:21 pm
Hello,
My husband has just started a DAS and myself a Trust Deed. We tried to claim for mis-sold PPI before our schemes started but my husband has just been offered some money as a result of our application. The money will actually be in his name as it was his Policy however it will go into a joint account. I want to check that I do not have to declare this with my Trust Deed. Ironically my husbands wages fluctuate and this money will make up the shortfall for the next few months so essentially this to us is a form of income, but does this count like that?
Thanks
15/11/2012 10:47 pm
Welcome to the trust deed forum rose3.
If the policy was solely in the name of your husband I cannot see how your trustee can take an interest in any payout. I'd hold on to any documentation that proves it relates to your husbands policy in case it's picked up on a review of the bank statement.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
16/11/2012 8:58 am
I would tend to agree, although they may look at where the payments were coming from.
They may well argue that the loan was joint with the payments coming from a joint account.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
