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Meghan Markle’s Fashion Woes: Shattered Dreams and Financial Troubles Threaten Her Marriage
Meghan Markle, the former Duchess of Sussex, is facing a tough time in the fashion industry as brands refuse to collaborate with her.
However, behind the scenes, it seems that the troubles run deeper than what meets the eye.
Friends close to the couple reveal that Meghan and Prince Harry are far more distressed than they let on.
Their massive bills and shattered dreams of success in the United States after stepping away from the royal family have started to take a toll on their marriage.
During the explosive Oprah interview, Harry downplayed the significance of their deals with Spotify and Netflix, stating that these arrangements were never part of their original plan.
He implied that financial difficulties forced him to sign these quick deals to afford security for himself and Meghan.
This revelation left Spotify bosses horrified, questioning whether the couple should have spent exorbitant amounts on their lavish Montecito property instead of prioritizing their security needs.
According to a source, the Sussexes are accumulating staggering expenses, and it has come to light that they technically don't even own the Montecito mansion.
This raises questions about the financing of the property.
Did they secure a commercial or residential mortgage?
In an interview, TW expressed surprise at how the couple could afford such a luxurious home when Harry himself claimed in court documents that he lacked the finances to pay for his own security.
The property was purchased by a residential real estate trust, 8383 Wilshire Boulevard Suite 1000 California 90211, which shares the same address as Fremark Financial.
This arrangement effectively makes the Sussexes tenants, renting rooms within the mansion.
As their office is primarily used for business purposes, they can write off certain expenses, while the entity that bought the property would be responsible for repairs, renovations, and upkeep – all of which can be deducted as expenses.
However, the question remains: was the property purchased under a trust for tax purposes?
If so, would it be considered a benefit in kind and subject to taxation?
It's worth recalling Meghan's comment during the cut interview, where she admitted that they only saw the exterior of the house before deciding to purchase it.
This raises concerns about their financial prudence and suggests that their focus was more on appearances rather than practicality.
The Montecito mansion comes with its own set of financial burdens.
Apart from the hefty mortgage, the maintenance and upkeep costs alone for a property of this magnitude can amount to around $700,000.
Considering the couple's apparent inability to keep up with basic grooming, it's highly likely that necessary maintenance has been neglected, leading to further deterioration.
Selling the property may prove difficult, and they might have to settle for a fire sale price.
With reports suggesting that Meghan and Harry are not receiving the full $20 million from Spotify, coupled with the Netflix deal for three to four shows, their financial situation seems dire.
They are teetering on the edge of bankruptcy, with their debts mounting.
Adding to their woes is the recent passing of Sergei Grishin, the Russian oligarch who allowed them to stay in his luxurious Montecito mansion.
Now, Grishin's family is seeking to reclaim ownership of the house and evict the Sussexes.
As Meghan struggles to regain her footing in the fashion world, her marriage faces increasing strains due to the financial turmoil they find themselves in.
The couple's dreams of success in the United States appear to be slipping away, and the future remains uncertain for the Duke and Duchess of Sussex.