Prince Harry Expected to Receive £8 Million Inheritance from Queen Mother's Trust Fund
Prince Harry is poised to receive an £8 million inheritance from the Queen Mother's trust fund on his 40th birthday, September 15. Established in 1994, the fund allocated £19 million for her great-grandchildren, with payments set for ages 21 and 40. While Harry's amount may be less than brother William's due to royal expectations, he joins other beneficiaries from the family trust.
Prince Harry is poised to receive an £8 million (AU$15.7 million) inheritance on his 40th birthday, a gift established by the late Queen Mother. The arrangement, initiated when Harry was just ten years old, will come to fruition on September 15, as he reflects on this significant milestone.
Details of the Trust Fund Established by the Queen Mother
According to The Times, the Queen Mother set aside a substantial tax-free amount of £19 million (AU$37.4 million) in 1994 for her great-grandchildren. The inheritance is structured in two payments: the first at the age of 21 and the second upon reaching 40. This financial provision was seen as a way to efficiently manage her estate for future generations.
Potential Discrepancies in Inheritance Among Royal Family Members
Sources suggest that Prince Harry may inherit more than his brother, Prince William, due to the Queen Mother's belief that William would receive a significant fortune from the Duchy of Cornwall, as the future heir. After King Charles ascended the throne, William was designated as Duke of Cornwall and is believed to have an estate worth around £23.6 million (AU$46.4 million).
Beneficiaries of the Queen Mother's Trust Fund
Other royals believed to benefit from the Queen Mother's trust fund include Princess Anne's children, Zara and Peter Phillips, as well as Princess Beatrice and Eugenie. Additionally, the offspring of Princess Margaret, Viscount Linley and Lady Sarah Chatto, are expected to receive financial support from the same fund.
Legacy and Secrecy of the Queen Mother’s Will
After her passing in 2002, details surrounding the Queen Mother's will remained largely confidential. Buckingham Palace released a statement indicating that her entire estate would be bequeathed to the Queen, with specific requests for bequests to her staff, subject to regular inheritance tax. Significant pieces of art were also intended for the Royal Collection.
Prince Harry’s Current Situation and Projects
Recent reports indicate that Prince Harry has expressed feelings of frustration and a desire to return to England, partly due to the public admiration garnered by Prince William and Princess Kate. However, friends of Harry clarified that there are currently no concrete plans for his return. Since relocating to California with his wife Meghan in 2020, they have been focused on family life and various projects, including their initiative, The Parents Network, aimed at helping families affected by online dangers. Meghan continues her efforts to promote her lifestyle brand, American Riviera Orchard, although she has encountered substantial operational challenges.
