If the property sold prior to the May 21st trial, the proceeds shall be held in trust pending further order of the Court

The order means that you and your spouse are required to cooperate in listing and selling the London property.

If the house sells before the May 21 equitable distribution trial, the net proceeds from the sale are not to be divided between you immediately. Instead, the money must be placed into a trust or escrow account and held there until the court enters another order directing how the funds should be distributed.

In practical terms, the house is being converted from real property into cash, but the court is preserving that cash so that neither party can spend, transfer, or otherwise dispose of it before the equitable distribution issues are decided.

The phrase “pending further order of the Court” means that the money stays in the trust account until the judge specifically authorizes its release or division.

Because the property is located in London, there may also be practical questions about who will hold the proceeds, currency conversion, closing expenses, taxes, and transferring the funds to the appropriate trust account. If the existing order does not address those details and the parties cannot agree, your attorney may need to ask the court for additional instructions.