Scott, an Independent Businessman, Is Asking His Wife to Pledge

Multiple Choice

Scott, an independent businessman, is asking his wife to pledge her inherited family homestead towards a business loan he has arranged at the bank. She seems perfectly willing to do this. Yet, to avoid a possible later legal claim of undue influence, which would be wisest for Scott to do?

A) Have his wife get independent legal counsel.
B) Explain very carefully what would transpire.
C) Have the wife sign a paper to the effect that she was not unduly influenced.
D) Have his business lawyer explain thoroughly the legal implications.
E) Place all transactions under seal.