Much will depend on your circumstances. Make sure it is recorded as a gift at the time of giving so that any lifetime gift clock starts at the correct time. Have you thought about lending him the money - there is then a debt due to your estate which you could forgo in your Will? Speak to a probate/tax solicitor who will be able to tell you the best way of dealing with it. Also if you had any other children, you could ensure that things were 'equalised' if that is what you want to happen. Questions may be asked about the origins of the money for money laundering purposes if your son is taking out a mortgage - also his lender will want to know whether you have any interest in the property or the proceeds of sale - again this is something on which a solicitor can advise.
Being quizzed by chemist's assistant in Boots.
Good Morning Thursday 25th April 2024
Gary Glitter programme Tuesday