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Field update on parent records having lookup relation

Hello Group,


                 I have Faculty(Name, Status("Available", "Assigned")) and Schedule(Name , Faculty, From Date, To Date) Sobjs

 so, My requirement is when i create a Faculty record with Satus is "Available" and it should change to "Assigned" one day after  ToDate . I have tried to achieve this  but iam not able to reach my requirement....


       Please help  me how to achieve this in a detail way


     Thanks for giving reply (in advance)



          Thanks and Regards



Since it is a lookup field it has to be a trigger.
Can you post whatever you tried ?

Thanks for giving reply

             in order to achieve my requiremnet i have tried through Time based workflow rules Based on ToDate but i have failed to give workflow action Field update Because of lookup relation. The Status Field is in parent object but iam trying to update this field based on ToDate(in Detail object). 
      can u please guide me how to trigger to achieve this


         My requirement is the Status field is to be updated from "Available" to "Assigned"  one day after Todate



Thanks and Regards