Partner spent my money and lied

And you gave this man your children’s inheritance money? Jeez. Dump him for starters. Demand money back with a date for return. Instigate small claims court if not received. Don’t expect to get it all back - he’s spent it. Learn from this.

What reason has he for not sending the £2000 now? That’s more dodgy than anything. Insist it comes back immediately and then work on the last 3000. Why would he give someone else’s money to a friend to invest? How dare he! Did you get any interest paid?
I would tell your siblings and get them to tell him to put it back, it might shame him into it.
The relationship would be over for sure.

So let them. You have been foolish. But if you think they will be able to support you in getting the money back, then you need to take the flack for your actions and get help in getting the money back. Ultimately, you’ve let your DC down. Swallow your pride & do whatever it takes to get the money back.

And when you do, go to the bank (I do like the nationwide), tell them you have this money which belongs to DC and you’d like to place it in a secure account for them for the future. They will suggest an appropriate savings account / pension. Will you get the very best returns? Maybe. Maybe not. Will their money be secure, absolutely.

It keeps getting worse with every update.

Hindsight is a wonderful thing. You used other peoples’ money so you could give him ‘the benefit of the doubt’,

The extra monies from a higher interest rate will be marginal in the time it takes to set up accounts in your children’s names.

But here we are now. I recommned setting up Junior ISAs which will keep the money protected until they are 18 https://www.gov.uk/junior-individual-savings-accounts

Given your partner’s behaviour I am worried about a couple of things. Firstly, if he does send the money to you, he may ask for it again should he have another ‘bright idea’ about an investment, or his car insurance is due, or something like that. This is why a junior ISA would be ideal - it protects you and your children.

Further, I am concerned about the level of trust you place in your partner (it’s clearly too high), and potentially some lack of financial and legal awareness on your part. If the money promised in a will disappears, it is you not your partner who could be sued, since you were expected to look after the money. I also do not think the executor of the will acted appropriately - accounts in the children’s names should’ve been set up from the outset.

I think it’s best to keep pushing for that 2k rather than wait on a promise of the original 5k and then press on from there.

I would focus on getting the initial amount back and write off the interest as an expensive lesson learned. As long as your kids aren't down any inheritance thats the main thing.

He didn’t want to give any of the £15k back?! 😳 thank god you managed the get that £10k out of him.

If I were you, I would tell him to transfer the £2k now or you will call the police. And if he doesn’t, follow through and call them.

For people saying you have no evidence, I don’t agree. Your word about what the agreement was is evidence. And the fact he transferred back £10k, your failed application for a high interest ISA of your own, your timely opening of an account for your kids, the evidence of the inheritance being for your kids etc is all evidence that your narrative is the correct one. Why on Earth woukd
you just gift your DP your kids’ money and then open up an ISA in their name and suddenly demand it back?! Makes no sense!

You don’t need to tell your siblings at all

I too doubt the police would care, but it’s about the bf’s appetite for risk.

Unfortunately, I don’t think the bf gives two shits, which is why the OP has no leverage to demand it back. Got to play the nicely nicely long game, then burn him.

The title of this is wrong.
You were entrusted with your DC inheritance & you gave it away in pursuit of a few extra % in interest.
Possibly one of your most foolish decisions to date.

Theres no reason why he can’t transfer back the £3,000. Unless of course that money doesn’t belong to your children because the whole amount is spent. I would demand he transfers this now. He sounds like a conman.
How long had you known him & how long since the DC inherited?

I am confused.

So was the total you gave him £5k and he can now only account for £2k?

I agree it is theft

It’s just a question of being able to prove it/ would the police bother with it.

But doesn’t mean it’s not theft

You won't get it back I fear. What kind of person does this!!

Theft

and that's the end of the relationship.

My children or our children ?

So to be clear, are you supposed to get back the initial amount plus some interest? How much is the original amount outstanding vs interest?

If you're not getting interest then I'm unclear why his interest rate made a difference in which account it was kept in

@Lilly1812 - I’ve lost track of how much if outstanding back to you, but you can still play this. I’d keep up with the line of “oh darling! Great investment idea (never put this in text/writing; only verbal convo) and spin him some shite like “once my kids are made whole, I’ve got some other cash I’d love for you to invest for me!”

How long are you with him?

Doubt you’ll see a penny back.

Incredible AND dangerous!

I find it so sad that “ohhhh you’re a lawyer?!” is said with a sneer. God forbid women are educated and accomplished something…but no! Must be a lie!