Tuesday, June 26, 2007
Prince 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.