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Princess Anne Left Out of Queen’s Fortune: A Royal Financial Shift
In a surprising turn of events following the passing of Queen Elizabeth II, it appears that Princess Anne may not receive any inheritance from her late mother.
Instead, the entirety of the Queen's estate is set to go directly to King Charles III.
This decision is rooted in an obscure tradition dating back to 1862, which allows the royal family to sidestep hefty inheritance taxes if the heir, in this case, King Charles, inherits all the wealth.
This means that rather than sharing in the Queen's substantial fortune, Princess Anne could find herself facing unexpected financial challenges.
The move aims to keep the royal family's finances intact while minimizing tax liabilities, but it raises questions about the financial support available to the Princess Royal, especially as she has been known to rely on her mother's legacy.
King Charles now holds the reins of not only his mother's wealth but also the royal family's purse strings.
Historically, the privy purse has provided financial support to various family members, but with this new arrangement, it seems that Princess Anne may have to navigate her financial future without any significant inheritance.
While she does reside in Gatcombe Park, a property gifted to her by the Queen, its upkeep and operational costs are her responsibility.
The Sovereign Grant, which amounted to £86.3 million last year, is another financial aspect under King Charles' control.
This fund supports the official activities and residences of the royal family, including those of Princess Anne.
However, any direct benefits from the Queen's estate will not trickle down to her or her siblings, Prince Andrew and Prince Edward.
Instead, the King stands as the sole beneficiary of what was recently valued at £370 million, although some estimates suggest it could be worth nearly double that figure.
While Prince Andrew's lack of a formal role within the royal family complicates his situation, both Princess Anne and Prince Edward do hold positions that require funding.
Yet, the reality is that Princess Anne must depend on her personal finances to manage her living expenses, a situation that might feel particularly stark given her family's history of financial support.
Princess Anne does possess a notable collection of jewelry and a trust fund established by her grandfather, King George VI.
However, she did not inherit anything from her father, the late Duke of Edinburgh, whose will remains sealed for 90 years, leaving her with limited options in terms of inherited wealth.
Gatcombe Park, which Princess Anne purchased with the help of her mother in 1976, is estimated to be worth between £6 million and £9 million.