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I have approached 2 solicitors to draft this document. Both have advised me that it will not stand in law!
What do you advise?
They advise that creditors could pursue A and claim that she was attempting to hide capital by understating the value of the property at the time of the Declaration. They further advise that such a declaration would not protect B from action by A's creditors.
A is close to bankruptcy.
She is accepting half of the equity