A friend is due to inherit a large volume of dollars, spread over the in the next few weeks (~£300k or thereabouts worth). He is seeking professional advice, but I am interested to know what people here would do with it.... He is retiring tomorrow (perfect timing!), and has sufficient savings etc and a second income from his wife. As a result, he is not in desperate need to get his hands on the money. However, he is keen to share his new wealth amongst the family (2 daughters). What would you do ? Open a uk based dollar account, keeping most in there and converting some to ££ to share about ? How would you go about converting >£30k of dollars - high street would be a waste of time ?
Comments most welcome.