Prince Andrew is 'bewildered' and 'in despair' that the King has not shared ... trends now
Prince Andrew has told friends he is ‘bewildered’ and ‘in despair’ over the King’s failure so far to share their mother’s fortune.
The King was the sole beneficiary of the Queen’s estate, estimated to be worth more than £650million.
There is said to be ‘some resentment’, particularly from the Duke of York, that he and his siblings have not yet been given what they feel they are owed.
A palace source said the Queen’s fortune had passed directly ‘from monarch to monarch’ because that was the most ‘tax efficient’ way to transfer it. A decision made in 1993 means no inheritance tax is paid on assets moving from one sovereign to another.
But that means none of the Queen’s other children, including Anne and Edward, have received money.
Prince Andrew has told friends he is ‘bewildered’ and ‘in despair’ over the King’s failure so far to share their mother’s fortune
There is said to be ‘some resentment’, particularly from the Duke of York, that he and his siblings have not yet been given what they feel they are owed
A friend of the Yorks said: ‘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.’
The news comes after it emerged yesterday that the King is refusing to pay a £32,000 bill for Andrew’s Indian healer, a yogi who comes to live at Royal Lodge, Windsor, for up to a month at a time.
In need of his own income, speculation is mounting that Andrew might ‘do a Harry’, as one source said, by taking part in a prime time interview.
A palace source said: ‘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.’
As working Royals, Edward and Anne receive a stipend from the Sovereign Grant to cover costs.
Andrew, however, stepped down from royal duties more than three years ago when he faced accusations of sexual assault, which he continues to deny vehemently.
He paid a multi-million pound fee to settle the civil case against him in America. It is thought he was helped with money from family.
Now, with no official
