Prince William is set to inherit an estimated £10million from this mother’s estate today as he celebrates his 30th birthday.
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The milestone means he now has the option of taking control of half of a trust fund believed to be worth more than £20million.
Princess Diana bequeathed the trust to the Duke of Cambridge and his brother, Prince Harry, who were 15 and 12 at the time of her death in 1997.
Harry will inherit his share on his 30th birthday on September 15, 2014. Diana left a net estate of £12,966,022 after inheritance tax of £8,502,330 was deducted.
It is widely believed that with shrewd investment the fund has grown to around £20m.
Her estate comprised stocks and shares, jewellery, cash from her £17million divorce settlement, dresses and other personal belongings at her Kensington Palace apartment.
Diana stipulated that it would be held in trust to be shared equally between her two sons, even though William will inherit income from the Duchy of Cornwall estate when he becomes Prince of Wales.
In her original will, drawn up in 1993, the princess had stipulated that both princes would be entitled to their entire share of the capital on reaching 25.
But details of the will were changed by a variation order granted by the High Court on Dec 19 1997 – three months after her premature death in a Paris car crash.
In a highly unusual move, the executors made both her original will and the new one public.
The key changes, which were designed to protect the then young princes, included a clause that raised the age at which they could ask for the capital in full to 30.
St James’s Palace has declined to comment on the bequest, but said William will celebrate his birthday in a ‘low-key’ and ‘private’ fashion.
William has been busy this week on a course connected with his work as an RAF Search and Rescue Force pilot.
But he will take time out to mark the milestone, although it appears he is not planning a big event.
A St James’s Palace spokesman would not give any details about how the Duke will celebrate his birthday only saying ‘He’ll be spending it in a low-key, private fashion.’
His wife Kate, who turned 30 in January, is almost certainly to be behind any events that are planned, and also has the tricky job of finding a present for her husband.
It is likely that a few close friends will be invited to the occasion which could be a quiet meal at their home in North Wales.
To celebrate, budget supermarket Aldi has recreated Prince William’s favourite cocktail at a fraction of the usual £135 price.
The store is sending a selection of ingredients to Kensington Palace which will enable William to serve the ‘Aldiki’ for a mere £3.23 per person.
It is a version of the famous Mahiki Treasure Chest which is enjoyed by royals, actors and musicians alike at trendy London bar, Mahiki, and includes an exotic mix of rum, brandy, peach schnapps and fruit juice.
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