Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Thursday, October 4, 2012

In Cornwall, If You Don't Have a Will, Your Estate Goes To Prince Charles

Images-10In Cornwall, a constitutional law dating back to medieval times dictates that the Prince of Wales gets the estates of people who die without a will. Over the past six years, Prince Charles has earned over one million pounds from people who died without a will.

The chief executive of the campaign group Republic says that Prince Charles does not have a right ot hat money and wants to abolish this law, stating, "'anywhere else in the country that money goes into the public purse but in Cornwall, it goes into his pocket. It needs to stop.'"

Notably, Charles donates all of the money he receives from these estates to charity.  Furthermore, he voluntarily pays income tax at the highest rate, netting the Inland Revenue around 4.5 million pounds last year. 

See Anthony Bond, Revealed: How Prince Charles Receives  £1m From the Estates of Subjects Who Die WIthout Wills Thanks To a Medieval Law, MailOnline, Oct. 3, 2012. 

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2012/10/in-cornwall-if-you-dont-have-a-will-your-estate-goes-to-prince-charles.html

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Comments

Sigh

If you die without a will OR any heirs in the rest of England, your money goes to David Cameron to spend on bombing countries, building HS2, and paying for welfare scroungers.

If you die without a will in Cornwall, about half goes to David Cameron, and the rest goes to local charities.

I know which I prefer.

The majority of people have children, grandchildren, siblings or parents, and if you don't have a will the estate goes to them (the rules of intestacy apply)

Posted by: Bob | Sep 2, 2013 2:12:51 AM

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