Charles gets all the inheritance so will William.

[Fifi0000]

Reported in the press , I'm starting to see why Harry might be a little annoyed. He's still a spoilt brat and no excuse for everything he's done but still I'm starting to understand a bit of the bitterness. Charles has inherited all his mother's estate 650 million tax free monarch to monarch. None of the Queen's other children have received a cut. The queen's other children will have to see if Charles decides to give them anything. Perhaps Phillip left them something and it didn't all go to the Queen?.

I'm starting to see where the spares anger and the supposed genetic pain comes from. You are entirely beholden to the monarch and the heir. They have to follow the rules and protocol but don't get the massive wealth the heir does and you spend your life being lesser because of your order of birth. One day William will get the lot of the massive fortune and in charge of the purse strings. It's really an unfair system the heir and spares thing. I thought things like inheritance would be fairer. It's an archaic system for 2023.

He's still a massive twat but I understand a little why he has a massive chip on his shoulder.

Problem is that the inherited wealth is the Smaug hoard which gives the monarch the position of power they hold. If the split it equally then each generation would have a poorer monarch than the one before. They eventually end up needing to get a proper job to make ends meets and we can't be having that can we.

It has always been the case that the majority of the monarchs wealth passes to the heir. This is to keep the bulk of the wealth intact. This applies in other families irrespective of whether or not they have a title. Many farming families do this, but these days it may not be the eldest male but the best person in the family.

Managing big estates in terms of property and investments etc requires a lot of different skills as you can be responsible for managing £££ but more importantly the livelihoods of a large number of people. This includes employees, family members, tenants, animals, crops, historic items (paintings, jewels) etc. They are effectively huge businesses.

The RF will all grow up knowing the title and money go to the heir and they should be looking at how they earn a living. The heir will grow up knowing and learning how to manage the family business and the way to provide for other family members.

The Duchy of Cornwall was established in the 1300s specifically to provide an independent income to the heir to the throne. There are strict rules on how much of the income can be used by the Duke but the whole basis is to preserve the Duchy for future generations. KC has been managing the Duchy for most of his life and this included funding W & H and their offices. This is why H was miffed KC stopped his income when he stepped down. W is now the Duke of Cornwall and until he access to the throne he has the responsibility of managing the Duchy and will draw an income.

The Duchy of Lancaster was also created around the same t8me to provide an income for the Monarch. Again there are rules to preserve the estate for future generations. KC is also the Duke of Lancaster and now receives income from the Duchy.

In both cases the income from the Duchy’s can be used to fund day to day living for who ever the Dukes choose to support but also enables them to build personal wealth.

KCs accession to the throne wasn’t just about titles, two huge businesses effectively changed hands. Both KC and the PoW are doing what any new CEO does by reviewing assets, income and expenditure. Hence crown estate grace and favour properties and ‘salaries’ for family members are being reassessed based on current need.

Any information in the media is either guess work or based on leaks/gossip from disgruntled family member so are not likely to be balanced in terms of context and the full facts.

The under 5s don't usually attend church services. L is 1 years old and the coronation service is expected to be an hour long. Even if she could sit through a service, she can't really have props like snacks and toys to make things easier.

Princess Anne didn't attend her mother's coronation as she was 3 years old at the time.

The big interest, imo, in the fact that wills are sealed (and I doubt the Queens will ever be public) is that we’ve no idea how wealthy she was comparatively to her father.

Are they getting poorer (relatively speaking) by the generation or are they in fact, like many wealthy families, richer than ever?

Thats what I’d like to know. Then you’d know if a particular monarch was good at business it not.

That will never come out though. Far too dangerous for their position if people suddenly realise just how personally stinking rich they are.

@Teatime55

I didn’t know anything about this, but it’s exactly how I would expect it to work. This is wealth to be managed, not for spending.

Of course they spend it, how else would they have amassed a huge investment portfolio. The Queen bought a stable of race horses during her life (which Charles has sold). They have to spend it running their private properties. They also have investments. This is their private wealth.

I think everyone would like to not have to spend their money but most people have to pay higher taxes than the monarch and pay IHT too

Slight difference in ages so can understand completely why they aren’t invited. I shouldn’t imagine Louis is going either.

Where have you got your information from?

I think the fact that the Queen's private wealth has been passed on to Charles is in the public domain @YetMoreNewBeginnings as are some items being given to family members (think Catherine gets a necklace?). The amount is estimated at well over £400M

Aka tax dodging oligarchs but washed through hundred of years of history and a compliant population indoctrinated to serve. God forbid that the state should get their fair share when effectively you are the state.

It wasn’t me that asked that question…

ive been clear all through the thread that the Queen left everything to Charles.

The bracelet will have been given on life loan I’d bet. Technically belonging to Charles. Otherwise you have to start valuing things and paying IHT on them…

I’ll eat my hat if anyone other than Charles technically inherited anything from the Queen’s will. Not that we’ll ever actually know.

How do they avoid IHT?

It's all in the public domain @Soontobe60. Research the official accounts and the more reputable publications.

Consort to sovereign and Sovereign to Sovereign transfers are exempt from IHT in a deal struck with John Major when they reformed the civil list and tax affairs of the royals.

@YetMoreNewBeginnings undoubtably richer because of investments which, unless they are risk takers, are likely to have grown.

The Royal Collection includes a number of faberge eggs these were personal gifts from the Russian RF to the British RF siblings/cousins etc. Their value will have substantially increased over the Queens 70 year reign. They are not cash but will be given a cash figure when calculating the total value.

If it favours Harry, if anything happens to him, Meghan would get everything which is fine obviously.

But when William is king, if anything happens to him, the monarchy assets will pass to George and only his lesser (as if!) private assets will go to Kate. Will she have to go cap in hand to the bank of Mum and Dad? 😂

Exactly. The monarch is really only the custodian of the Crown’s estate, although will a life of luxury and opulence. I don’t for one second believe the Queen didn’t provide for her dcs and dgcs, plus other people who served her.

I agree they will have got richer.

I just wish we could see the comparisons.

George V - Edward VIII - George VI would be a really interesting one.

Plus it would indeed be massively interesting to know which gifts and jewels etc were classed as public and which as private…

I meant spend it all.

@Gilmorehill I agree. Not all beneficiaries will be members of the RF or wealthy and unwelcome media intrusion could impact their life’s after giving dedicated service.

Technically Kate, as a widow, would be reliant on her son for funding. As Queen Mother she’s not going to be turning up down at the council offices declaring herself homeless though.

More interesting than that will be Camilla’s position if she outlives Charles.
Dowager Queen, but not Queen Mother. Different dynamics and her role would be very interesting - I could see her binning it all off entirely and just retiring to her house.

The main issue I have is it is tax free while anyone else would be paying 40% on it.

The monarch isn't a custodian of their private wealth @Gilmorehill it's money/investments/assets that they have the ability to spend like any other multi millionaire

I think it's reduced to 20% if it's to a child of the deceased. Nothing if a spouse and 40% on the rest?

I think we are close to that event horizon already 😀