A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Lines open: Monday to Friday 9am-5pm
Call for FREE expert advice & service info


What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


Ex's Solicitor keeping money in their account from sale of investment property u

  • Shazza06
  • Shazza06's Avatar Posted by
  • Junior Member
  • Junior Member
More
15 Jun 20 #512857 by Shazza06
Topic started by Shazza06
Ex 's solicitor is currently drawing up Consent Order, ex said today that when our investment flat is sold, his solicitor will keep the money from that in their account until Fhm is sold which in this current climate could be ages.. I've said I'm not happy with this and that once the flat is sold, half of that money is mine and I'm entitled to it not have to wait.. Factor in also that that amount of money would then make interest in their bank account and obviously I'm not happy about that., at the end of the day.. If we sell the flat, half is mine and I want it straight away.. Is their any legal reason why they're suggesting that?

  • .Charles
  • .Charles's Avatar
  • Platinum Member
  • Platinum Member
More
16 Jun 20 #512861 by .Charles
Reply from .Charles
It's quite normal for a solicitor to hold monies pending an agreement. In the circumstances, you would both be in the same position i.e. neither of you would be able to have the money until an agreement has been reached.

Interest gets added to the amount as it sits in the solicitor's 'client account' (as it's called) although they don;t have to pay if it below a certain amount which is usually around £30.

Charles

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11