The passing of Queen Elizabeth the II marks not only the end of her reign but sets in motion a process of transferring her massive wealth and estate to the future King Charles III. While many people think of the monarchy’s assets as being immense (and they are immense), the royals are not as rich as tech moguls like Elon Musk and Jeff Bezos. According to the Globe and Mail the British monarchy’s assets sit at a modest $27 billion (compare this to Elon Musk’s $257 billion) .
Much of the monarchy’s assets lie in real estate, which includes castles and other properties. In fact, the monarchy doesn’t own many of these assets and cannot sell them. According to the Globe and Mail, the British monarchy’s real estate is held by other estates, each of whom have their own boards. The Queen’s personal net worth is another matter entirely, but Forbes estimates it to be a very modest $500 million U.S. dollars. CBS reports that much of this wealth comes from Balmoral Castle in Scotland as well as from a personal collection of jewelry and art . This isn’t the only income King Charles III is due to receive. King Charles III will also receive approximately 15% of the profits of the Crown Estate, which includes properties like Buckingham Palace, Kensington Palace, and the intellectual property of the royal family, which includes the Royal Warrant and Coat of Arms.
If you look at the wealth of the royal family, it is a masterpiece of estate planning. It has everything you’re looking to preserve long-term wealth: trusts, real estate, a family business that is carefully managed and protected (and for which the royal family enjoys regular royalties, no pun intended, but also, yes, intended), investment in fine art and jewelry, and a combination of personal assets and assets managed by separate trusts, to ensure that profligate heirs don’t sell all the castles and run off to Monaco or Switzerland.
The fascination with the wealth of the royal family is understandable. The family has managed to protect its personal wealth and legacy for generations. If you have personal wealth and real estate you want to protect for generations to come, having a sound estate plan is essential. The trust and estate law firm in Palm Beach, Florida at Moran & Associates work with a wide range of clients, helping them to best preserve their legacies for generations to come. Whether you are just starting to build your wealth and want to learn about how a trust can protect your real estate investments, or are launching a new company and want to plan your estate around the protection of your intellectual property, or if you have an art or jewelry collection you’d like to pass on to the next generation, the Palm Beach, Florida trust law firm at Moran & Associates is here to help you with your estate planning needs.
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Moran & Associates
231 Royal Palm Way
Palm Beach, FL
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