Why Prince Andrew Won't Inherit from the Queen's Estate: Understanding the Monarchy's Wealth and Tax Laws

Legal Article

Why Prince Andrew Won't Inherit from the Queen's Estate: Understanding the Monarchy's Wealth and Tax Laws

Prince Andrew is reportedly “in despair” over the fact that he will not receive any portion of his late mother’s inheritance, which was left solely to his brother, King Charles. The queen’s estate is valued at nearly $800 million, and according to a palace source, it was transferred directly “from monarch to monarch” to avoid inheritance tax.

While this news may be disappointing for Prince Andrew, it should come as no surprise. The 1993 agreement that made King Charles the sole beneficiary of the queen’s wealth was made in order to avoid paying crippling inheritance taxes. It was a strategic move designed to preserve the wealth of the monarchy and ensure that it would not be subject to the same tax laws as ordinary citizens.

Furthermore, as Christopher Andersen, author of “The King,” pointed out, there is no reason for Prince Andrew to expect money from his mother’s estate. He was aware of the legislation that was passed to avoid inheritance taxes, and he knew that the estate would pass directly to his brother, the next in line for the throne.

It is understandable that Prince Andrew may be disappointed by this news, but it is important to remember that the monarchy is not a typical family, and its wealth and assets are subject to different laws and regulations than those of ordinary citizens. The transfer of the queen’s estate directly to her successor is a long-standing tradition in the royal family, and it serves an important purpose in preserving the monarchy’s wealth and assets.

In conclusion, while Prince Andrew’s disappointment is understandable, the transfer of the queen’s estate directly to her successor was a strategic move made to preserve the wealth of the monarchy and avoid crippling inheritance taxes. It is a long-standing tradition in the royal family, and it serves an important purpose in ensuring the longevity of the monarchy.