The money is the second installment of a trust set up by the late Queen Mother, the Times of London reports.
Harry, the Duke of Sussex, received $10 million from a trust set up by his great-grandmother, the late Queen Elizabeth , the Queen Mother , the Times of London reported. It’s the second part of a bequest the monarch set up for her great-grandchildren, following the first disbursement of $15 million on his 21st birthday. According to the Times, the trust was set up in 1994, when Harry was 10 years old. “There was a trust fund set up at the time.
It was a way in which the Queen Mother could set aside money for when her great-grandchildren were older and a way of passing a slice of her estate down in a tax-efficient way,” an unnamed former palace aide told the newspaper. “It was a way in which some of her estate could be ring-fenced for them.
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