Wills, Trusts & Estates Prof Blog

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

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Monday, June 30, 2014

Prince Harry Will Inherit £10 Million Legacy

Princess diana

Prince Harry is set to inherit more than £10 million as part of a legacy left by his mother, Princess Diana.  Harry will inherit the vast sum of money on September 15th, when he turns 30.  Although Harry may have to pay around £4 million in taxes, experts say this could be limited to £3.6 million if he gives cash to charities.  When Prince William received his share of his mother’s estate, forty percent went to inheritance tax, “William got hit with a hefty bill when he turned 30 and so will Harry.  His aides have to work out the most tax-efficient way for him to handle the money.” 

Harry was just 12 years old when Diana was killed in a Paris car crash.  She left £12,966,022 million, which was reduced to £8,502,330 after death duties.  Insiders believe the fund has grown to more than £20 million due to wise investments by royal advisors.  Diana shared her wealth equally between her two sons. 

See Ben Glaze, Prince Harry to Inherit Diana’s £10million Legacy When He Turns 30 In September, Mirror, June 28, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/06/prince-harry-will-inherit-10-million-legacy.html

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