A trust deed is a voluntary but formal arrangement that is used by Scottish residents where a debtor (who can be a natural person or partnership) grants a ‘trust deed’ in favour of the trustee which transfers their estate to the trustee for the benefit of creditors. It can be a way for people to deal with debt problems. It will protect the debtor from the legal enforcement of debts which are included in the trust deed, but only once it has become protected.
