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transfer of title and assets before consent order

  • Greeny123
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21 Nov 24 #524612 by Greeny123
Topic started by Greeny123
Hello,

Me and my husband have reached a financial agreement through direct negotiations, mediation and some legal advice. He's keeping the house and buying me out of my share. We don't want to wait for the conditional court order and Consent Order before transferring the house and funds, and want to start the process using an MOU (which isn't legally binding).

The solicitors advise against transferring assets before the consent order. I understand the risk where there is no trust between the parties (he could transfer the asset to his name and then not pay my share). But I am confident this won't happen in our case.

Does anyone know what other negative implications are for doing this ahead of the consent order? I'm a bit unsure about how we would complete the consent order and what we would be asking the court to do, if we've already transferred funds etc. I can't afford to get any more legal advice on this and wondering if anyone else has come across this situation?

Thanks,

  • WYSPECIAL
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21 Nov 24 #524614 by WYSPECIAL
Reply from WYSPECIAL
You seem to know what the risks are.
Your solicitor has a duty to advise you of the risks and not to take risks you don’t need to. But ultimately it’s up to you. You know your ex better than anyone.

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