Today is the big day!! Need advice..

iVillage Member
Registered: 09-17-2003
Today is the big day!! Need advice..
2
Mon, 10-20-2003 - 11:42am
Well today is the big day. He is at his closing (selling of his property) right now as we speak. He is moving in with me today. His plans are to sing on the closing, go to the bank (she has to be there because her name is in the property too) and make the deposit. Well when she leaves the bank he is going back to get a check for his share $100,000 and going to open an account in his name with that money. I'm a little concerned about a couple of things though: #1. I'm sure that money will not be available to him on the same day. #2. If he takes that money now and leaves, wouldn't the judge sieze it in the process of a pending divorce??

There is no legal divorce proceedings right now. Technically, they are still married. She doesn't know he is taking this money. However, he is leaving her with $80,000 and a paid off house. I'm a little worried. I'm scared about this. Please give me some of your input..

iVillage Member
Registered: 10-06-2003
Mon, 10-20-2003 - 11:56am
Hey F-

Yah i know today is your big day. I thoght about that this morning. For some reason this date stuck in my head after getting to know your situation.

In regards to your ?, well no the judge won't seize it. When they get a divorce, the assets will be divided and it will be up to thie to seperate them. When they go to the bank, the bank may put the check on hold until it clears since its such a large amount. SO he may have to really work it so they release half and let him open a new account. The check will come in both names and once its negotiated, they, or either one of them can do what ever they want with it.

Does she know he is moving out? SHe must right? Did they sell the property? You said she gets a paid off house...will is his name on that property, on title?

Godd luck today. Are you at work today? OF helping him move in?

Let me know what happens.

silver

iVillage Member
Registered: 09-17-2003
Mon, 10-20-2003 - 12:02pm
Sil, please email me. I haven't replied to you because I lost your address. I NEED TO TALK TO YOU!!!