This may be of use:-
In order to protect transactions from being set aside at the request of a trustee in bankruptcy it is necessary to take steps to prove that you were not insolvent at the time the gift was made and that there was no intention to protect assets from your creditors.
Declaration of Solvency: If bankruptcy occurs within two years, then the question of solvency at the time of the gift is not relevant. Nonetheless, even if disaster is felt to be imminent, a declaration of solvency by you, or perhaps someone such as your accountant with detailed knowledge of your finances, if necessary supported by financial details should be done; if you avoid bankruptcy within the two year period then such a declaration, made at the time of the gift, could well prove invaluable.
In the case of gifts not to associates and gifts made more than five years before the petition the burden of proof is on the person seeking to have the gift set aside, and it will become increasingly difficult for him to prove that protecting assets against creditors was the predominant motive. It is important to be able to point to some other motive as being the predominant one when wishing to protect assets.
As a practical matter, it must be preferable for correspondence with professional advisors to emphasise, if possible, that the predominant motive was not that of putting assets beyond the reach of creditors. For example, the creation of a settlement may have that motive, but if there is also the motive of protecting capital generally for future generations, and perhaps obtaining some tax advantages, then this might legitimately be the predominant consideration. If a member of Lloyd's transfers his or her home into the name of his or her spouse, in most common cases there might be little reason for doing this other than to protect the asset. Nonetheless where there are some other motives, for example tax planning reasons, these should be made full use of.