Help with ideas to distribute a small early inheritance to family

Being practical - make sure you are aware of the tax implications of gifting large sums - make sure you keep records of what you have given and when - and finally, make sure you live 7 years after you do it!

And keep records to prove it's gifts out of income if it is.

Not knowing your grandchildrens ages, if there are any below aged 18, just be aware that at 18 they then can do what they want with it and you have no control. A friend had planned to do this, but knowing that one particular grandchild would be likely to spend it all, she chose to just keep 3 separate accounts for them all , but in her name and then gave them the money when I think they were either 21 or 25. That then helped them with moving or colleague or a house or whatever, and the grandchild she had been concerned with, actually was very grateful and said no doubt they would have spent it if they had had it earlier. So perhaps it would be possible to get them some bonds that would mature in a couple of years. For now perhaps a £100 premium bond each, ?