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Scottish Trust Deed Forum
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Topic starter
15/08/2021 3:19 pm
Hello,
My trust deed is protected and started 2 years ago.
I am in the middle of the trust deed journey and my circumstances got changed. I lost job and i am on Disability benefits, Employment support benefits. my trustee does not want to take payments from me because I am unemployed and I am on state benefits. I do not have any other income apart from state benefits now. My employment situation is unlikely improved in the next 5 years as my disability, health condition is very severe, therefore I was getting disability benefits at high enhanced rate.
What will happen to me my trust deed as I completed only 24 months.
As my trusteed does not take payments directly from me because these are state benefits (not my income), I am worried that my trustee may terminate the trust deed or trust deed fails in near future.
Here situation is, I am willing to make payments but my trustee refused to take payments. What is the best solution for present situation?
Before such situation arises, can i transfer the same payment amount to my friends/family members and let my friends/family members forward thee same payment amount to trustee in order not to fail trust deed. Do you think trustee accepts the same?
Any other thoughts. thanks
Kind Regards,
Jackie
16/08/2021 9:29 am
Welcome to the trust deed forum jackie1001.
I'm very sorry to hear that you have suffered all of this disruption.
Your trustee isn't allowed to collect payments from you that are funded by benefits.
It's quite possible that there will not be any negative consequences if your financial situation has changed through no fault of your own. I'd suggest that you contact them and ask them directly where things are likely to go from here. Hopefully you'll receive an encouraging response.
You should certainly make contact with the trustee before trying to arrange a convoluted trust deed payment funded by your benefits via your family. This is money you'll very likely need for other things, which is the reason that a trustee isn't allowed to gather it into a trust deed in the first place.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
23/08/2021 11:02 am
Morning
AS TDA has advised, the Trustee is unable to take payments from benefits.
Your Trustee will explore options and will ask whether a third party is able to make a payment on your behalf. However there is not the expectation these funds have been paid to the third party from yourself.
As TDA recommends, please speak to your Trustee to work on the way forward.
Hope this helps.
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Topic starter
23/08/2021 11:05 am
Thank you, I will talk to Trustee.
23/08/2021 11:07 am
Please keep us posted as your situation is very common.
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