Kenthewizard

Wife passsed away 6yrs ago and 2yrs ago met my fiancee. We are getting married next year. She has sold her house and now moved in and wants to use her proceeds to buy into my unencumbered property (c40% of Mkt Val). Out of the funds generated I want to set aside a pot for my future care (I'm 65) and gift my 2 children c40k each. Where do we stand with the buying in and gifting from a tax perspective. Your guidence would be appreciated.