Prince Harry Set To Inherit Mouthwatering Sum From Queen Mother As He Turns 40

Prince Harry is going to be clocking his milestone 40th birthday this month, and he’s going to be a bit richer just for it. The sizable sum will come from a trust fund that the late Queen Mother started in 1994 when Harry was just 10 years old.

How the Late Queen Mother Set Up A Fund To Benefit Great-grandchildren

Queen Elizabeth the Queen Mother put aside a generous tax-free £19 million when she was aged 94, which will be inherited by her great-grandchildren.

A former Palace aide told The Times: “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 her estate could be ring-fenced for them.”

Certain sources believe Harry is set to inherit more from the fund than his elder brother Prince William. It’s possible since the Queen Mother would likely have considered that Wills would automatically inherit a larger fortune in the way of the Duchy of Cornwall.

Prince William inherited the title and the massive estate it entails when his father Charles became King following Queen Elizabeth’s the II passing. He is thought to have earned £23.6million when he became the Duke of Cornwall.

William and Harry are not the only royals to benefit from the fund, including Princess Anne’s children Zara and Peter Phillips, as well as Princess Beatrice and Eugenie.

The Queen Mother passed away in 2002. At the time, a statement released by Buckingham Palace read: “Queen Elizabeth The Queen Mother has bequeathed her entire estate (which mainly comprises the contents of her houses) to The Queen.”

“In her will, she asked The Queen to make certain bequests to members of her staff, and these bequests will be subject to inheritance tax in the normal way.

“The Queen has decided that the most important of Queen Elizabeth’s pictures and works of art should be transferred to the Royal Collection.”

Princess Margaret’s children Viscount Linley and Lady Sarah Chatto are also believed to be beneficiaries of the will.

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