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£500,000...where to save?
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I'm not sure you could get away with £200,000 as a gift out of income, it is quite clearly capital... perhaps regular amounts paid out of the interest would be OK. Besides, she might not want the recipients to have it yet.
And if it was in a trust and therefore outside her estate, she might not need to use it to pay for the sheltered housing?
If this is an issue, for this amount of money I really would have to recommend some professional advice.0
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