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Texas Tech Univ. School of Law

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Tuesday, June 26, 2007

Prince William Gains Partial Access to Princess Di's Estate

Prince_williamPrince William, the son of Diana (Princess of Wales) and Charles (Prince of Wales), turned 25 years of age on Thursday, June 21, 2007.  Reaching this milestone entitles him to all of the income from his share (one-half) of Di's estate which is estimated to be over one-half million dollars per year.  Prior to reaching age 25, distributions of income were discretionary.

Another benefit of reaching age 25 is that he may marry the woman of his own selection without prior approval of Queen Elizabeth II, his grandmother.

Prince William must really be looking forward to his 30th birthday when he will be entitled to one-half of the corpus of the trust.

See Press Association, Prince William's inheritance boost, Guardian Unlimited, June 21, 2007.

http://lawprofessors.typepad.com/trusts_estates_prof/2007/06/prince-william-.html

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Comments

I'm relieved that Prince William has had the grace to refrain from whining to the press about how difficult his life is, and that us common folk simply wouldn't understand how very difficult it is to be him.

Posted by: Angie Hartford | Jun 27, 2007 2:59:19 PM

He deserves it, especially after that concert he helped organize. There were some problems with some of the guest stars, however. I don't doubt the sincerity of celebrities who performed at the concert, but the only problem with P Diddy's performance was that he performed a song originally written for another celebrity----Biggie Small.

This is also the problem with Candle in the Wind, the song Elton John performed at Princess Di's wedding.

He should have performed a song especially written for Princess Di, like this one (but, not necessarily this one:

Losin' a Princess
Dr BLT (c) 2007 Smash Records
http://www.drblt.net/music/P4.mp3

Of course it became the biggest selling single of all time, and raised tons of money for charity. But artistically, it's tacky, and I explained this in a conversation I had with John Reed, Elton John's manager, in a brief telephone conversation prior to the funeral.

Posted by: Dr BLT | Jul 8, 2007 10:51:14 AM

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