advice on inheritance for young adults

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My aunt passed away recently. She left around £20k to each of my DDs. I knew that she leaving them some money but I had no idea it was so much.

DD1 is 22, she is just about to start a masters degree. DD2 is 19 and on a degree apprenticeship.

I know it is their money but I’d like to be able to offer them some guidance. Savings? ISAs? Investments? Spend some on driving lessons or travelling? Anything else?

Do they have debts?

DD1 has a student loan from her first degree. She has a scholarship for her current course so isn’t adding to the debt. From what I’ve read, I don’t think paying 20k towards it would reduce her repayments. Happy to be corrected.

DD2 doesn’t have any debts.

Any instructions / requests left in the Will for what it should be used for?

No

When my aunt wrote her will, she said she’d left the DC a bit of money to “have some fun with.” I assumed she meant 1-2k!

Lifetime isa might be a good idea as you get a 25% top up from the government and can only spend it on a house deposit. You can only put 4K a year in though so maybe split between that and a s&s isa and move money across when you can?

From pps on the subject, consensus seemed to be to save it as far as possible for a future property purchase (though maybe treat themselves with a small percentage) and use loans instead for uni costs, since saving that sort of lump sum is unlikely to be easy in future.

We have savings put away for Gdcs once they’re 18 - I just hope they’ll be reasonably sensible with them.

I did know someone who left explicit instructions in her will (she died too young) to say that the money was strictly for a property purchase only. And AFAIK her dcs did as she’d asked.