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Prince Harry Fumes as Prince William Inherits Diana’s Home Alongside His Cousin
The world was left devastated when the beloved Princess Diana tragically passed away in a horrific car accident in August 1997, at the tender age of 36.
But did the renowned Princess of Wales leave behind a will?
The answer is yes, and the contents of Princess Diana’s estate plan may surprise you.
In her will, Princess Diana included several important individuals who were close to her heart.
Her two sons, Prince William and Prince Harry, were named as her primary heirs.
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Additionally, her beloved butler, Paul Burrell, and her 17 godchildren were also mentioned as beneficiaries in the will.
When creating an estate plan, it is crucial to designate executors or trustees who will ensure that your estate is distributed according to your wishes.
In Princess Diana’s case, the Honorable Frances Ruth Shand Kidd, her mother, and Lady Elizabeth Sarah Lavinia McCorkwodale, her sister, were appointed as executors and trustees.
Now, let’s talk numbers.
The estimated value of Princess Diana’s estate was a staggering £21,711,485, equivalent to over $30 million in United States dollars.
However, it’s important to note that after inheritance taxes, the net worth of the estate was reduced to approximately $17 million.
So, what exactly did Princess Diana’s will entail?
After receiving approval from the High Court of Justice of England, her fortune was divided according to her stated preferences.
While not an exhaustive list, here are some notable highlights:
– Paul Burrell, Princess Diana’s loyal butler, received a bequest of £50,000 (around $70,000 USD).
– The princess’s 17 godchildren inherited sentimental items such as pictures, paintings, and china.
– Princess Diana’s entire wardrobe, along with a sum of roughly $1.4 million (£100,000), was donated to a fund.
This included her iconic wedding gown.
– Prince William and Prince Harry, along with their spouses and families, as well as selected charities, benefited from the fund.
Additionally, any revenue generated from the authorized use of Princess Diana’s likeness in commercial ventures goes towards these charities.
– The two princes equally shared the remaining land owned by Princess Diana.
They gained access to their inheritance upon her passing at the age of 36, while access to the funds stored in the trust was granted when they turned 25.
Now, let’s delve into the fate of Princess Diana’s famous wedding dress and jewelry.
Her royal wedding to Prince Charles in 1981 at London’s St. Paul’s Cathedral captivated audiences worldwide.
The stunning gown, designed by David and Elizabeth Emanuel, featured a 25-foot train, over 10,000 pearls, and intricate hand embroidery.
After Prince Harry turned 30, the iconic dress was bestowed upon the princes as part of their inheritance.
While it remains uncertain when the legendary gown will be displayed again, many of Princess Diana’s other renowned pieces of clothing are periodically exhibited.
Some of her jewelry was also gifted to the princes when Prince Harry reached the age of 30.
It is not uncommon to spot the Duchess of Cambridge, Kate Middleton, wearing some of these precious jewels.
In conclusion, Princess Diana’s estate plan revealed the recipients of her cherished possessions and assets.
While Prince Harry may be feeling disgruntled about Prince William inheriting Diana’s home alongside his cousin, the will was executed according to her wishes.
The legacy of Princess Diana lives on through her sons, her charitable contributions, and the memories associated with her iconic wedding dress and jewelry.
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