Posted on 03/14/2023 12:40:01 PM PDT by Red Badger
A palace source has revealed that the Queen’s fortune has passed directly to King Charles, noting that the inheritance is transferred ‘from monarch to monarch.’ In 1993 a decision was made that removed inheritance taxes on the funds if they were transferred from one sovereign to another, making it the most ‘tax efficient’ way to transfer wealth.
Unfortunately, this means that none of the Queen’s other children, including Anne and Edward, have received any of the money. So far, King Charles has failed to share the money with his siblings, and Prince Andrew has said he is ‘bewildered’ and ‘in despair’ over the King’s failure to give him a share of their mother’s fortune.
A friend of Andrew’s gave an update on his situation, saying, “Andrew is in despair. He’s been left completely in the dark. Andrew’s a member of the family, for God’s sake, yet he had no idea this was coming. I gather he’s checked it out, and it’s true. It’s all gone “monarch to monarch.” ‘What’s he meant to do? Go cap in hand to his older brother to keep a roof over his head? Things are going from bad to worse. It’s a disaster.”
Speculation on the financial situation has increased following the King’s refusal to pay a £32,000 bill for Andrew’s Indian yogi healer, who lives at Royal Lodge, Windsor, for up to a month at a time with the Yorks.
“Andrew hasn’t been uniquely targeted for ill-treatment. Her late Majesty supported her children during her lifetime and had made provision for them already,” a source inside the palace said.
However, there is speculation that Prince Andrew may consider doing an interview, like Prince Harry, as a source of income. Andrew’s siblings, Edward and Anne, are working royals who receive a stipend. But Andrew stepped down from his royal duties three years ago amidst allegations of sexual misconduct tied to the Jeffrey Epstein sex scandal. Andrew continues to deny the allegations.
According to the Dail Mail, the king can give a tax-free gift to other royals provided he lives for at least seven more years. Otherwise, a cash gift will not be tax-exempt. So, for now, Andrew is forced to rely on the generosity of his brother, the king.
It’s good to be the king.
Did she die without a will?
It’s good to be King!
Andrew may have to get a real job!...................
Learn to code.
Smart dude considering the surviving misfits.
Wills can be deposed by the new monarch.
See Edward VI...........
Either that or go to the block.
The article explains that since 1993 the inheritance goes from monarch to monarch.
“Andrew is in despair. He’s been left completely in the dark......It’s all gone “monarch to monarch.” “
Pretty daggum clear to this deplorable.
well, that does it. Start playing the Beatles “Taxman”.
“be thankful i don’t take it all.....”
Get a job like the rest of us have to do.
Not exactly.
It explains that the transfer of inheritance will be tax-free, if it goes only from monarch to monarch.
If it goes to the monarch and others, the inheritance gets taxed.
Apparently for tax reasons she left it all to Charles.
He sounds selfish greedy and irrational as well as neurotic.
Definitely not a noble figure.
Hopefully William will take over before Charles demolishes
what remains of respect for the Monarchy as living history.
Yes; so they avoid the taxes. I assume Charles could gift others if/when he wanted to, though.
Look up primogeniture in your law dictionary.
If you need bread start a bank then buy treasuries at a discount and sell them to the Fed at par, it is how Buffet got his start.
only a five-year-old
believes any of this
Andrew thinks he gets to say who’s entitled to the royal fortune? Who died and made him king?
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