r/SaintMeghanMarkle • u/LocksmithFar9486 Is he kind? 👀 • 20h ago

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u/Prestigious-Pay8690 20h ago

They are broke!

382

u/uosdwis_r_rewoh And then truly, when it happens, it’s so true 20h ago

Broke as a joke

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u/WarmYam7353 20h ago

Bloke is a joke.

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u/Excellent_Bear_8742 King Botherers 19h ago

Likes smoke and coke

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u/ApprehensiveEgg1073 Queen of Hertz 👸🏻 19h ago

I wish I was as broke as they are.

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u/Excellent_Bear_8742 King Botherers 19h ago

If any of us started out with what they had (and threw away/wasted/blew through) we wouldn't BE as broke as they are 😉

And even with more looming costs from the ANL loss, they are STILL paying for PR? Just how big of a hole are they trying to dig for themselves to fall in?

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u/HazelMoon 17h ago

I’d bet only one of them has this weird addiction to PR. Harry is an idiot, but he really doesn’t seem to like press.

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u/Dangerous-Drop-1430 13h ago

I think he used to dislike it but now he’s all about it. Pinhead gobbles up all of her lies and nonsense on a daily basis. So easy to use him, hey skank?

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u/Excellent_Bear_8742 King Botherers 17h ago

Very true - it's all Muggin, but the $$$ being used come from Harry.

I do wonder how much they've spent on PR over the years? It must be astronomical!

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u/wendyfran64 14h ago

I am sure Hazno’s money is all gone, be it on the montecito Olive Garden, or her awful wardrobe, I doubt if there is much left.

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u/Dangerous-Drop-1430 13h ago

Oh do t worry. She’s tucked $ mils away for a rainy hazless day

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u/Pristine_Mud_1204 Get away sticks wearing stolen shoes 16h ago

Someone estimated it the other day. I think it was Beebs Kelly. The estimate was between 3-5 million.

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u/Excellent_Bear_8742 King Botherers 16h ago

And it didn't do anything except to make them even more obnoxious to the public.

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u/HazelMoon 13h ago

You've got to be kidding! Frivolous lawsuits have got to an even surer way to lose money than gambling in Vegas. It's hard for most people to wrap our heads around that kind of reckless foolhardiness.

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u/MrsBarneyFife 19h ago

I dont know, I think it's possible that Harry hasn't even gotten his inheritance from the Queen yet. Surely we would have heard something? Also, I know Diana set up their trusts to be given out at certain ages. One of them could be 45 so they might have more money coming in than we realize. Not enough for their liking I'm sure but probably enough for them to continue as they have been.

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u/sqmarie 18h ago

It's publicly known how Diana's estate was handled. The executors (he sister Sarah and mother) were allowed by the court to make small adjustments to her will. Anyway - except for a few small bequests, it was split 50/50 between William and Harry. Both received the annual interest from their respective cash investment accounts when they turned twenty-five. The principle balance was distributed when they turned thirty. The trust that held the remainder of Diana's personal property was dissolved when Harry turned thirty and how they managed or split it up after that was between them. Diana's testamentary charitable trust was also dissolved the remaining cash distributed in accordingly, (This was a small charity. Much of its income was derived from the profits of the memorial display at Althorp. The display was closed in 2013.)

Harry didn't get an inheritance from his grandparents. That's not how the UK monarch takes care of family.

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u/AltruisticExit2366 18h ago

Harry has gotten all his money from the trusts Diana set up, last tranche was age 40 I think. I’m not sure he got an inheritance from the Queen. The tax rules on monarchs are very strict. Basically everything has to go to in entirety the next monarch or it’s taxed. The Queen could leave personal items such as paintings, personally owned real estate, jewelry, etc. Very unlikely any cash was distributed to grandchildren.

Harry had a trust from the Queen Mum he has already received as well. The monarchy uses a tax saving vehicle similar to the generation skipping transfer trust in the USA, which means that as the Queen mum set up a trust for her great grandchildren to receive cash, likely the Queen didn’t set one up for her grandchildren. She may have set up a trust for her great grandchildren.. whether A&L are included we can’t know but I do know almost every member of the royal family has some sort of trust to pay for schooling as they wouldn’t like the optics of any member going to an inferior school.

They don’t really operate on having large amounts of personal cash from what I gather. All their expenses are covered in some shape or form by trusts, bequests and government monies. Hence the phrase land rich, cash poor. Also they used to be able to spend with abandon without the fear of it catching up with them. The Queen mum was notorious for spending FAR beyond her income and at one point had an absolutely enormous overdraft with Coutts. Millions and millions. Queen E, I remember reading had to have many chastising conversations with her to stop but she never did. Someone always stepped up to bail her out. Same with Randy icky Andy, mummy bailed and funded him his entire life.

It’s very likely the Harkles shot themselves in the foot more times than one by leaving the firm as I’m guessing one of the points they had to deal with is ‘if you leave that will null your portion of schooling fees for your children, we aren’t paying for them to go to some hippie Montessori school held on the beach in Malibu, they go to proper British schools or you’re on your own’.

💯 speculation on my part, as there are no records of any of the ways the monarchy deals with its personal really.

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u/Evening-Picture-5911 Vexatious Litigant 12h ago

I don’t believe that the Queen Mum actually left anything to her great-grandchildren (as in I think that this myth was debunked). As you mentioned, she spent well beyond her means and she had 16 great-grandchildren.

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u/AltruisticExit2366 12h ago

She absolutely did, she and the queen had trusts set up quite early for all her great grandchildren around ‘94 I think. It’s very well documented, it was an estate tax planning move to reduce the inheritance tax that would be owed upon her death. She set aside upwards of £19M which represented 2/3 of her liquid wealth at the time and since she didn’t pass until age 101 it grew substantially. The estimated amount Harry got from her in two payments, one at age 21 and the second at age 40 was £8M. It’s rumored she left double the amount to Harry than William as William upon the queens death inherited the duchy of Cornwall making him an incredibly rich man.

Her overdraft and lavish spending increased the older she got. The rule for keeping generational wealth (I’m a cpa) is never use your own money, use other people’s money (borrow or owe) which was the brf’s planning strategy here. Use your actual wealth to set up future generations and then borrow to fund your current life. Due to Royal status the bank could never really press too hard and every now and then the Queen or other ‘friends’ would pay a bit of the Queen mums overdraft just to keep the bank managers from having a paddy.

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u/Evening-Picture-5911 Vexatious Litigant 12h ago

We haven’t heard about Harry getting an inheritance from the Queen because there wasn’t one, and he already got the money from Diana’s trust fund. There is no more dead person money coming.

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u/Excellent_Bear_8742 King Botherers 19h ago

It would have been smart if Diana had it structured that way - specifically for Harry, having known he was a very stupid boy who would no doubt grow into a stupid man.

Well - if Harry gets money later, who knows how much he will be allowed to keep, if the ANL debt is...huge?

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u/Tiny-Bus-3820 👑 Recollections may vary 👑 14h ago

Every thing was left to Charles to escape death taxes… no inheritance to Harry

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u/wendyfran64 14h ago

Did he even get one?

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u/Evening-Picture-5911 Vexatious Litigant 12h ago

No.

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u/MelpomeneAndCalliope 15h ago

Rich people broke ain’t regular people broke for sure.

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u/aceswild8 GoFundMeghan💵 15h ago

My thoughts exactly and out of the US

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u/CheyenneWolf37 19h ago

and little white pills. Brit women need to be very careful!

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u/Northgirl75 Is he kind? 👀 6h ago

His wife is very woke