Should I help my parents out by giving them money for mortgage?

loopysilvette

So I have come into money by selling a property I bought in the UK a few years ago- it was supposed to be a long term investment to act as my pension but being a 'landlord' was way more hassle than I wanted. 
So I have about €25k sitting there waiting to be invested. And I want to give it to my parents for them to put it towards their mortgage- they were very stupid a good few years back and remortgaged and are now left owing €45k+ on their property. 
In my mind, this will take serious pressure off them or even allow them to pay their mortgage back in half the time. 
But of course- this is my investment money and will want it back as my nest egg/pension fund after they pass away. I haven't even thought about interest or inflation yet. I've spoken to my sister, only other sibling, who is fine with me 'taking more inheritance' in order to take the pressure off the parents now,
But I need to know the legalities and ins and outs of all of this before I offer it to my parents. 
What is the best way to do this without them being stung for tax on receiving the 'gift' and then me being stung twice when I need to pay tax on my 'inheritence' even though really this is a loan which will not need to be paid back until they die (morbid!) 
Can anyone offer any advice on this, or even let me know where to start looking to read up/contact people? 
TIA

Tigger

loopysilvette wrote: »

So I have come into money by selling a property I bought in the UK a few years ago- it was supposed to be a long term investment to act as my pension but being a 'landlord' was way more hassle than I wanted. 
So I have about €25k sitting there waiting to be invested. And I want to give it to my parents for them to put it towards their mortgage- they were very stupid a good few years back and remortgaged and are now left owing €45k+ on their property. 
In my mind, this will take serious pressure off them or even allow them to pay their mortgage back in half the time. 
But of course- this is my investment money and will want it back as my nest egg/pension fund after they pass away. I haven't even thought about interest or inflation yet. I've spoken to my sister, only other sibling, who is fine with me 'taking more inheritance' in order to take the pressure off the parents now,
But I need to know the legalities and ins and outs of all of this before I offer it to my parents. 
What is the best way to do this without them being stung for tax on receiving the 'gift' and then me being stung twice when I need to pay tax on my 'inheritence' even though really this is a loan which will not need to be paid back until they die (morbid!) 
Can anyone offer any advice on this, or even let me know where to start looking to read up/contact people? 
TIA

make it a loan which is a debt against their estate this will stop a tax gift implication. you will need a solicitor but it cleaner in the end and saves them having to change the will.

pacelut

I can't believe how cold you people are! OP mentions the father is under big stress that might take few years off his life and you people think paying a solicitor is the way forward.
How much money your parents spent with you as a kid growing up? What sacrifices did they made and how many times they put you first before their needs? 25k is and it isn't a large sum considering the positive of reducing the stress on your older parents.
There is a saying, what goes around comes around (or karma is a b...). Let's hope your kids will be willing to help you all when you are of old age, and not follow your current advise you all are giving to the OP!