How best to put money aside for DD

[indisposed38]

We are getting a little inheritance money from DHs side of the family. We have 2 DDs, one 19 is terrible with money and one 13 is quite sensible. Wondering how best to give them 15 k each so that elder DD uses it to best effect. Are there Trust funds that can't be opened till 28 ?

You could just put it into your own ISA and not give it till later.

Financially, it could be a good idea if DD could open a Lifetime ISA. You can pay in up to 4k a year, the government will give a 25% top up. The money then can be used a property diposit or in retirement.
It is technically possible to randomly pay the money out but she'd lose the 25%+5% penalty.

Good advice. Ta.

You could also start pensions for them with a bit of the money. Quite good to get that on their radar early (especially the older one who may start earning soon). Early pension contributions really do benefit from compound interest.