Divorce Conveyancing Query - Gift

[toni74]

Hello

Can anyone advise me on the following, I’ve been issued a divorce and as part of the finance order I would buy my ex out of the former marital home.

Ive engaged a conveyancing solicitor and advised then my parents are gifting me a lump sum to buy my ex out.

My parents have signed a gif declaration and we’ve demonstrated they have the funds to cover the gift and sent 6 months of their bank statements but we’re being asked to send pension statements and then when I clarified the gift isn’t coming from their pensions but from savings they’ve accumulated over their lifetime I’m now being asked to ptovode a copy of a letter confirming their job.

My parents have been retired for 10+ years. Is anyone able to confirm what we need to provide. I’ve had emails a requesting letters from pension providers confirming what my parents are receiving.

im confused as to what we and my parents need to provide as I feel we’ve now reached a block. Is anyone able to confirm if parents are helping is this type of situation, what are they. Supposed to be able to show,

Thankyou

I think it’s to do with money laundering. We gifted a small amount and had to provide all sorts.

I totally understand that, but my parents won’t have those documents as there no longer working. I’m just stuck and trying to move it along!

Can you get evidence of their pensions? Sounds like they need evidence of employment/pensions so they can complete the risk assessment.

If they had the savings before they retired their savings account will show that.

Ask the conveyancer, they will need to satisfy their internal procedures on this and it can be quite specific. Essentially your conveyancer is likely to need to show where the money came from so if your parents can say we did x and y jobs and accumulated savings from that or they have them because they inherited it, they can then say what they need. However they are reasonable so e.g. long held savings are a lot less suspicious than recently acquired.