Inside Princess Diana's last will and testament
The famous British Princess Diana would have turned 61 these days if she had not died in a terrible car accident on August 31, 1997.
Diana's older son William paid a moving tribute to his mother in a letter he sent to the winners of the award, which bears her name. This award has been given every July 1 since 1999 to young people between the ages of 9 and 25 who have engaged in some socially useful activity in any area of life - from humanitarian work to sports. The emphasis is also on programs to fight violence and mentoring in various areas.
“You are part of an inspiring generation of young people who are changing the world with their actions, and I greatly admire your efforts. You are truly the personification of my mother's legacy and I know she would be very proud of you all. I believe there is no better way to celebrate her life and work than to recognize the incredible people who dedicate so much time and effort to help those around them” — said Prince William in the letter.
Funding is raised through donations, and part of the money, it is claimed, came from the legacy of the princess, who was only 36 years old when she died in a car accident. The British media are currently writing about that legacy, analyzing what and to whom the tragically deceased princess left after her death. The Mirror writes that Lady Di, although very young, still had a written will. Such, they say, is the custom in aristocratic families like the one she was from.
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Diana, they say, was very generous in her will. She wanted to make sure that both of her sons would be financially taken care of after her death, but she also gave the money to favorite employees and for humanitarian purposes. At the time of her death, the former Princess of Wales' estate was valued at more than £21m. The money came from her divorce settlement with Prince Charles, but also from stocks, jewelry, cash, and personal items from the family home in Kensington Palace.
Although inheritance tax has eaten away a large chunk of that fortune, it is thought that after all expenses more than £13 million was left for the heirs. Paul Burrell, Diana's butler and confidant, received £50,000, and numerous valuable items such as paintings. The charities she worked with also received more than £100,000. Part of her clothes and jewelry was designated for sale for humanitarian purposes, part was kept. Also, humanitarian associations designated by her are allowed to use her name and royalties associated with her for commercial purposes.
Everything that was left, and according to some estimates it is about 8.5 million pounds, was intended for Princes Harry and William. Over the years, through smart investments, the fortune grew again to £20 million. Princes received part of that money after their 25th birthday and the part after their 30th birthday.
Post by: Rinna James
