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Ely, Counselor at Law
Category: Family Law
Satisfied Customers: 102381
Experience:  Private practice with focus on family, criminal, PI, consumer protection, and business consultation.
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I have filed the paperwork with the court divorce. My wife

Customer Question

I have filed the paperwork with the court for uncontested divorce. My wife has also signed all of the papers required. We are only waiting on the judge to approve / sign divorce. Part of the settlement agreement is that the proceeds of the house be split 50/50. The closing on the house is this Friday and it does not appear that the judge will be signing before that day. Should the proceeds from the sale of the house be held in a joint account until the divorce is final or is it ok for each of us to take our 50 % and deposit into individual account?
Submitted: 2 years ago.
Category: Family Law
Expert:  Ely replied 2 years ago.
Hello and welcome to JustAnswer. Please note: This is general information and is not legal advice. No specific course of action is proposed herein, and no attorney-client relationship or privilege is formed by speaking to an expert on this site. By continuing, you confirm that you understand and agree to these terms.
This is up to the two parties, since the divorce is uncontested.
Some parties leave the money "as is" in a joint account, and simply divide it post-divorce being signed. Some parties prefer to split the money AHEAD of time.
Yet some take the money out but leave it in an escrow account until the divorce is signed.
Ergo, it is UP TO THE PARTIES as to how to divide the money. ANY will be fine provided it splits it 50/50 and both parties are in agreement.
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