Monday, June 30, 2014
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.