Open Question: Is my father able to gift my sister and I some money from sale of his house?
My elderly father lives in a rest home. We have just sold his house. We are investing the money for him but he would like to gift to us £10,000 each out of the sale proceeds as he feels if he lives for another ten years, he will not be able to leave us any inheritance due to the cost of the rest home fees, so he would like us to have it now. Does anyone know if he can legally do this?
