I wonder if you would be able to give me some advice on the following please.
Father (F) wants to buy a property for his son, girlfriend and their unborn child to live in. F is worth in the region of £1.25 million and he would prefer to make a gift in some way so that the money is out of his estate.
He does not want to make an outright gift to his son, because he is worried the property would be at risk if they separate or marry and divorce.
He is looking to purchase for around £150,000. Ultimately F wants his son to have the property outright in the long term, so a life interest would not seem to make sense as the son cannot be the life tenant and the remainder beneficiary.
Perhaps a discretionary trust would be the best way to protect the property, but I would appreciate any comments on this?