Advice please on investing quite a large sum.

Sea_Shell

barnstar2077 said:

 If he is the sole beneficiary of your estate, and you have no use for the money at this time, it might be better if he kept the money for now to avoid any tax implications later. 

Good point!     On the face of it, it would seem daft to give back the money, so it falls back into the parents estate, especially as the 7 year period has well passed!     

I think the better option is for your son to hang on to it, even if he "ringfences" it to give back to you IF you need it in the future.
At the same time, if he has any siblings, he could gift them their share directly, as if it were inherited.    Unless they've also been given such a generous amount?


As for a Buy to Let....do you want to be able to sleep soundly at night???