My situation is described in the attached video. I have read that the issue is with the axe actor losing its parents when I set “simulate physics” to “true” so I need to reparent it and I looked at several other similar queries, but I haven’t managed to do that with multiple blueprints. Can anyone p…

This is expected behaviour. You can’t attach a Physics simulated component to something. You can take a look at Physics Handles, as they are the closest thing to what you are searching for.