My parents (60+)are going through a juidical seperation. My mother wishes to transfer a large sum of money onto her three children with immediate effect for security reasons. How do we action her wishes & what is to be considered?
If your Mother is intending to make this gift in order to defeat your Father's claims then I'm afraid that it will not work. The Court can Order you and your siblings to return the money and, in the event of you claiming that you have spent it, sentence you to imprisinment for contempt of Court. Do not get involved in it.
I believe that this answers your question and would ask you, please to click 'Accept' so that I can be paid. If there is any point which requires clarification I will be happy to deal with it.
APIL (Association of Personal Injury Lawyers) 1st Tier Expert
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