As Prince Harry Inherits From Diana's Estate, Troubling Questions Remain
September 18, 2014
Prince Harry celebrated his 30th birthday earlier this week. His mother, the iconic Princess Diana, passed away over 17 years ago, following the tragic crash as Diana and Dodi Fayed sped away from paparazzi in France. What was so special about Harry’s 30th birthday (other than the fact that he’s still single, to the delight of eligible women throughout England)? That’s the day Harry became entitled to receive the remaining half of Princess Diana’s assets.
After Diana passed on August 31, 1997, her mother, Frances Ruth Shand Kydd, and her sister, Lady Elizabeth Sarah Lavinia McCorquodale, became executors of her Estate, based on Diana’s last will and testament dated June 1, 1993 (amended through a codicil in 1996). The probate filings at the time showed that Diana left behind assets valued at around £21 million (or worth about 31.5 million in USD at the time), netting £17 million after inheritance taxes. Originally, the will called for these assets to be held in trust for Diana’s sons, Princes William and Harry, until they turned 25.
Continue reading "As Prince Harry Inherits From Diana's Estate, Troubling Questions Remain" »