Legal Definitions - vesting order

A vesting order is a court order that transfers legal ownership of property from one person to another without the need for a legal conveyance. This means that the court has the power to pass legal title to a property from one person to another.

Here are some examples of situations where a vesting order might be used:

• Divorce: In a divorce settlement, a vesting order might be used to transfer ownership of a property from one spouse to the other.
• Probate: When someone dies and their estate is being distributed, a vesting order might be used to transfer ownership of a property to the beneficiaries.
• Bankruptcy: If someone declares bankruptcy, a vesting order might be used to transfer ownership of their assets to their creditors.

These examples illustrate how a vesting order can be used to transfer ownership of property in various legal situations.