Prince Harry is said to have made a decision regarding his substantial inheritance from his great-grandmother.The Queen Mother is understood to have placed £19 million into a trust fund for the Royal Family prior to her death in 2002.
A portion of this sum was designated for Prince Harry, with the remainder allocated for his elder brother, Prince William. The brothers are believed to have received their shares upon reaching the age of 40, with Harry celebrating this milestone on Sunday.
Due to the financial arrangements within the Royal Family, it's estimated that Harry's share was larger, ranging between £7 million and £8 million.This discrepancy arises because William, as the future monarch, will gain significantly from the Duchy of Cornwall, an estate that funds the public, charitable, and private endeavours of the heir apparent.A source from Woman's Day has indicated that Harry intends to save the money bequeathed by his great-grandmother.
The insider revealed: "He wants to put the inheritance away for their future, especially for Archie [five] and Lili [three]."Harry has often expressed the joy he finds in fatherhood, sharing with People magazine: "[I] love being their dad." Join the Daily Record' s WhatsApp community here and get the latest news sent straight to your messages. Additionally, a former palace aide suggested that the Queen Mother's trust fund was established as a "tax-efficient" method for her to leave a legacy for her descendants, noting: "There was a trust fund set up at the time."It was a way in which the Queen Mother could set aside money for when her great-grandchildren were older and a way of passing a slice of her estate down in a tax-efficient way."It was a way in which some of
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