Princess Beatrice and Princess Eugenie. Picture: Max Mumby/Indigo/Getty Images
Princesses Beatrice and Eugenie could inherit a vast fortune from their parents, including owning the £30 million ($A57 million) home Royal Lodge, thanks to a legal loophole.
The Duke of York moved into the 30-bedroom mansion in 2004. He currently resides at the property with his ex-wife, Sarah Ferguson.
King Charles is said to have wanted his brother out of the house for years and relocate to Frogmore Cottage, a smaller home vacated by Prince Harry and Meghan Markle.
The Duke of York has refused to move after taking on a “cast-iron lease” that lasts until 2078.
RELATED: Andrew wins trashed lodge, King ‘gives up’
Wild reason Charles can’t kick Andrew out
New royals fight rages over wild Andrew ask
Princesses Beatrice and Eugenie could inherit a vast fortune from their parents, including owning the £30 million home Royal Lodge. Picture: Chris Jackson/Getty Images
King Charles is said to have wanted Andrew out of the house for years. Picture: Max Mumby/Indigo/Getty Images
According to property expert Raj Chohan, Andrew could legally pass down the remaining lease to his daughters in the future without voiding the agreement.
“Royal Lodge is part of the Crown Estate,” she told GB News.
“Since the Epstein scandal (for which the Duke has repeatedly denied any allegations against him), Prince Andrew has been stripped away from royal duties, which would mean as the Crown is funded through taxes and he is not now fulfilling formal duties, this would now not form part of his estate.
“I would assume he is like a sitting tenant, paying £250 ($A520) a week and maintaining the upkeep of the property that’s worth over £30 million ($A57 million).”
The Duke of York moved into the 30-bedroom mansion in 2004.
Prince Andrew currently resides at the 30-room mansion with his ex-wife, Sarah Ferguson. Picture: Chris Jackson/Getty Images
The expert added as Andrew leases the property, he could leave it as an inheritance to his daughters.
“Prince Andrew has expressed wishes to hand the property down to his daughters,” she explained.
“As we don’t know the legal contracts, we would assume that (Beatrice and Eugenie) would take the property.”
“For now, this is still part of the Crown Estate and the board of directors would decide the long-term plans.”
She also warned: “In a form of inheritance for the country, siblings get equal shares in all assets.
“This is made further complicated as both daughters have refused to take on royal duties perhaps due to being young mothers.”
It remains unclear whether Beatrice and Eugenie would risk a family feud over the Lodge. Picture: Chris Jackson/Getty Images
The sisters are also the beneficiaries of several trusts, including a multimillion pound trust set up by their late grandmother, Queen Elizabeth II, after their parents’ divorce.
It remains unclear whether Beatrice, 37, and Eugenie, 35, would risk a family feud over the Lodge, potentially jeopardising their roles as confidantes to their cousin, Prince William.
Charles already provides “grace and favour” apartments for Beatrice and Eugenie with costs met by the King.
The sisters are also the beneficiaries of several trusts, including a multimillion pound trust set up by their late grandmother, Queen Elizabeth II, after their parents’ divorce.
The siblings are expected to receive funds from a trust established by their late great-grandmother, the Queen Mother, once Beatrice and Eugenie reach the age of 40.
RELATED: Who Diana really left her vast fortune to
English (US) · 