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Revealed: King Charles secretly profiting from the assets of dead Brits
The Guardian ^ | Nov 23 | Maeve McClenaghan, Rob Evans and Henry Dyer

Posted on 11/24/2023 7:50:20 AM PST by RandFan

The king is profiting from the deaths of thousands of people in the north-west of England whose assets are secretly being used to upgrade a commercial property empire managed by his hereditary estate, the Guardian can reveal.

The Duchy of Lancaster, a controversial land and property estate that generates huge profits for King Charles III, has collected tens of millions of pounds in recent years under an antiquated system that dates back to feudal times.

Financial assets known as bona vacantia, owned by people who died without a will or known next of kin, are collected by the duchy. Over the last 10 years, it has collected more than £60m ($75 million) in the funds. It has long claimed that, after deducting costs, bona vacantia revenues are donated to charities.

However, only a small percentage of these revenues is being given to charity. Internal duchy documents seen by the Guardian reveal how funds are secretly being used to finance the renovation of properties that are owned by the king and rented out for profit.

The duchy essentially inherits bona vacantia funds from people whose last known address was in a territory that in the middle ages was known as Lancashire county palatine and ruled by a duke. Today, the area comprises Lancashire and parts of Merseyside, Greater Manchester, Cheshire and Cumbria.

A leaked internal duchy policy from 2020 gave officials at the king’s estate licence to use bona vacantia funds on a broad array of its profit-generating portfolio. Codenamed “SA9”, the policy acknowledges spending the money in this way could result in an “incidental” benefit to the privy purse, the king’s personal income.

(Excerpt) Read more at theguardian.com ...


TOPICS: Miscellaneous; News/Current Events; United Kingdom
KEYWORDS: charlesiii; houseofwindsor; unitedkingdom
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To: RandFan

Yes, interesting. But, how is it different from a similar death over here in the states? With no heirs the state scoops it up.

Which makes sense. Otherwise a piece of land would just sit there for an eternity doing no one any good. Land is valuable. Especially taxes generated on it.


61 posted on 11/24/2023 10:56:07 AM PST by bobbo666 (Baizuo, )
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To: RandFan

Same thing is done in the US.


62 posted on 11/24/2023 11:10:21 AM PST by bgill
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To: ridesthemiles
That's not the actual derivation -- it's from the Latin excadere . . . which means to fall out.

But, with that said, who is being cheated? The principal/owner is dead. There are no heirs. Property reverts to the original grantor . . . which means in most cases the state.

63 posted on 11/24/2023 12:21:17 PM PST by AnAmericanMother (Ecce Crucem Domini, fugite partes adversae. Vicit Leo de Tribu Iuda, Radix David, Alleluia!)
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To: hanamizu; DesertRhino
This is just the Guardian being deceptive and communist -- as usual.

There's a reason they're known as the "Grauniad."

64 posted on 11/24/2023 12:23:24 PM PST by AnAmericanMother (Ecce Crucem Domini, fugite partes adversae. Vicit Leo de Tribu Iuda, Radix David, Alleluia!)
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To: RandFan

Fake news.


65 posted on 11/24/2023 12:30:02 PM PST by nwrep
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To: ridesthemiles

“Many single people with NO kids can leave their assets to WHOMEVER they please.”

Right. Those people would be their heirs.

heir
/er/
noun
a person legally entitled to the property or rank of another on that person’s death.


66 posted on 11/24/2023 2:36:47 PM PST by MeganC (There is nothing feminine about feminism. )
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To: A Formerly Proud Canadian

Kneel subject, kneel before your King. God has placed him above you.


67 posted on 11/24/2023 5:22:05 PM PST by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: GreenLanternCorps
There is a reason Charles II was restored.

Yes, there was.

Cromwell's kid could not run a lemonade stand.

People act like Cromwell established a republic. What he did was take over the role of king.

If his kid had not been a total failure it might have worked.

But it would have still been a monarchy.

Of course I am of the opinion that the Stanleys would have been a smarter choice then the Stuarts. Bringing in a non-English monarch was not a wise move. Unlike the Stuarts the Hanovers did adopt the British culture even if it took a few generations. Which is why they kept the throne while the Stuarts got thrown out twice.

68 posted on 11/24/2023 5:47:23 PM PST by Harmless Teddy Bear (Keep America Beautiful by keeping Canadian Trash Out. Deport Jennifer Granholm!)
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To: DesertRhino

You could learn a lot from the life of HM Queen Elizabeth II.

Come to think of it, based on most of your comments on FR, you couldn’t learn a thing from anyone, to save your life.


69 posted on 11/24/2023 6:37:30 PM PST by A Formerly Proud Canadian ( Ceterum autem censeo Justinius True-dope-us esse delendam. sic semper tyrannis.)
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To: A Formerly Proud Canadian

Don’t be too hard on the poor chap, appears he had a British mother-in-law problem.


70 posted on 11/25/2023 7:00:17 AM PST by Winniesboy
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To: RandFan

Chuck has just been fingered by a Dutch media outlet as one of the alleged royal racists...

https://www.ad.nl/show/geruchtmakend-boek-over-britse-royals-in-nederland-uit-de-handel-vanwege-vermeende-racistische-uitspraak-charles~ad2492e6/


71 posted on 11/28/2023 11:21:21 AM PST by mewzilla (Never give up; never surrender!)
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To: RandFan
This is interesting, too...

A comment from this link...

Meghan Markle warned ditching Omid Scobie would be disaster for one reason

There's a report that scooby when in California working on his book used to frequent a certain hotel where harry stays from time to time to pick up small packages left there for him at the front desk. Perhaps H&M learnt a lesson from finding freedom by not leaving a paper trail this time.

72 posted on 12/02/2023 4:59:55 AM PST by mewzilla (Never give up; never surrender!)
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To: mewzilla
From Neil Sean's YouTube feed...

Harry's secret hotel visits...a new twist on turn--all revealed

73 posted on 12/02/2023 5:05:31 AM PST by mewzilla (Never give up; never surrender!)
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To: RandFan

Also interesting...

That the DE is leaving up at least some of the Neil Sean related comments in their comment sections...


74 posted on 12/02/2023 5:31:42 AM PST by mewzilla (Never give up; never surrender!)
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To: RandFan

Anyone else wondering if Camilla might have been a source for any if this latest...

She does, as Brits would say, have form for going after a Princess of Wales.


75 posted on 12/03/2023 4:08:58 AM PST by mewzilla (Never give up; never surrender!)
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To: mewzilla

https://metro.co.uk/2023/12/03/hackers-threaten-release-royal-familys-private-medical-records-19918449/

Interesting timing...


76 posted on 12/03/2023 5:45:43 AM PST by mewzilla (Never give up; never surrender!)
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To: mewzilla

Really interesting timing...

https://www.hellomagazine.com/royalty/496327/king-edward-vii-hospital-royal-family-facts/

Betcha this isn’t about money.


77 posted on 12/03/2023 6:01:19 AM PST by mewzilla (Never give up; never surrender!)
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To: tomkat

LOL! Been the law since FEUDAL times!


78 posted on 12/03/2023 6:05:47 AM PST by Churchillspirit (Pray for President Trump)
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To: A Formerly Proud Canadian

Nothing to do with King Charles. The system since FUEDAL times.


79 posted on 12/03/2023 6:06:49 AM PST by Churchillspirit (Pray for President Trump)
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To: beef

Quite....lot of knee-jerk reaction here.


80 posted on 12/03/2023 6:07:44 AM PST by Churchillspirit (Pray for President Trump)
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