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Princess Anne Left Out of Queen’s Fortune as King Charles Inherits Wealth
In a surprising twist following the late Queen Elizabeth II's passing, Princess Anne finds herself excluded from any inheritance due to a little-known arrangement.
Instead of passing her wealth to her only daughter, the queen's fortune will be directly inherited by King Charles III.
This strategic move aims to circumvent hefty inheritance taxes that would otherwise diminish the royal family's estate.
This arrangement means that Princess Anne, often regarded as one of the hardest-working royals, may not reap the benefits of her mother's substantial estate.
Instead, the entirety of the queen's riches will flow to King Charles, allowing the royal family to sidestep the financial burden of inheritance taxes—a practice that has its roots in traditions dating back to 1862.
As the new heir to the late queen's assets, King Charles now holds a position of increased influence and power within the royal family.
This transition could also lead to a shift in how the privy purse is utilized, which previously assisted other members of the royal family.
For Princess Anne, this means potential financial challenges ahead, despite the fact that she has been given the Gloucestershire home she shares with her extended family.
King Charles's financial responsibilities extend beyond the queen's estate.
He also oversees the sovereign grant, which was valued at a staggering £863 million last year, provided by the government to fund the royal family's official duties.
Furthermore, he is the sole beneficiary of the Duchy of Lancaster, which generates an annual income of £24 million.
Interestingly, neither Princess Anne, Prince Andrew, nor Prince Edward will see any direct benefits from the queen's estate, recently estimated at £370 million by the Sunday Times Rich List.
Some insiders speculate that the actual value of the estate could be nearly double that amount, raising eyebrows about the financial dynamics within the royal family.
While Prince Andrew currently lacks an official royal role, both Princess Anne and Prince Edward do hold positions that require funding.
Princess Anne's royal engagements are supported by the sovereign grant managed by her brother, King Charles.
However, she relies on her personal finances to cover her everyday living expenses, which can be challenging given the circumstances.