Charles III gets North Westerners money!

The Crown Estate is not publicly owned Grany. It belongs to the monarch and is owned by each monarch for the duration of their reign.

The disgusting existence of royal windfalls from dead people should be ended forthwith. The duchies of Cornwall and Lancaster should be transferred immediately to the publicly owned crown estate'

I get that people should make a will. But why should it go to the Kings Estate??

He'd be better advising people how they can make a will. No-one has to have their estate claimed by the Duchy and donated to good causes.

They can choose a good cause of their own and make a will, free of charge by doing so.

Why whinge about something when it is so easily avoided?
🤔

The mayor of Greater Manchester, Andy Burnham, is calling on the government to launch a public consultation over the way the king’s estate collects money from people who die with no will or next of kin, calling it “a bizarre remnant of feudal Britain”.

Casdon wrote:

"---I think the monarchy itself is changing to better meet what the public requires of it.--"
The landed and moneyed class will find ways and means to preserve old privileges.

Yes, indeed.

If someone has no relatives and makes a will leaving everything to charity they could make a difference.

Callistemon21

^No, it's assets of someone 'daft enough' to not have any traceable living relatives^

There's always Battersea Digs' Home, MaizieD! Or a local animal sanctuary.
Or a charity close to someone's heart.

Well, there could be anything that someone could leave their property to, but if they haven't made a will and no living relatives can be traced the property reverts to the Crown. That's the current law.

All this anti monarchy angst seems to me to be a waste of time. There are far more important things to worry about which have a direct bearing on living people's lives.

Dogs!

(Reminder: Do not multi-task.)

No, it's assets of someone 'daft enough' to not have any traceable living relatives

There's always Battersea Digs' Home, MaizieD! Or a local animal sanctuary.
Or a charity close to someone's heart.

DaisyAnneReturns

nadateturbe

Caleo

I woke up this morning still an anti -monarchist. It's not enough to hope the feudal system will go away by itself. There has to be legislation.

Agree with you.

This is the new Brexit; another cult to follow. An instant solution to deprivation that will be nothing of the sort - again.

Find something you can convince a majority is better than we have, and that this time isn't a box of lies and you would be home and dry otherwise you achieve nothing.

Do you think? I don’t think it will galvanise the public like Brexit, the majority aren’t anti monarchy, there aren’t millions of haters - and I think the monarchy itself is changing to better meet what the public requires of it.

nadateturbe

Caleo

I woke up this morning still an anti -monarchist. It's not enough to hope the feudal system will go away by itself. There has to be legislation.

Agree with you.

This is the new Brexit; another cult to follow. An instant solution to deprivation that will be nothing of the sort - again.

Find something you can convince a majority is better than we have, and that this time isn't a box of lies and you would be home and dry otherwise you achieve nothing.

I on't think it is only in those two Duchies, Callistemon. It's any assets anywhere in the Kingdom.

It's only the money from those who are daft enough to have property or assets and leave no will.

No, it's assets of someone 'daft enough' to not have any traceable living relatives. And if some bona fide relatives pop up at a later date they can gat the assets (or their value) beck from the Crown.

Many years ago I inherited about £100 as the share of the estate of a very distant relative I'd never even known existed, but the solicitor dealing with the estate (one very modestly priced house) had done a very thorough search.

Elusivebutterfly

I did not realise the assets of those who died intestate, with no close family, went to the Royals. I always thought it went to the Government in the same way as IHT does.

Only in the two Duchies, Elusivebutterfly and the money is then set aside for renovations of properties and given away to organisations such as Scouts, Guides, Youth organisations and good causes.

It's only the money from those who are daft enough to have property or assets and leave no will.

I did not realise the assets of those who died intestate, with no close family, went to the Royals. I always thought it went to the Government in the same way as IHT does.

£325,000 might seem like sad chicken feed to some people, but for most it is more than they will ever have. Your heirs are lucky to get it

Not sad chicken feed at all, but certainly, divided between inheritors, possibly a deposit for a property of their own so that they would not be reliant on the vagaries of the rental market for the rest of their lives.

Caleo

I woke up this morning still an anti -monarchist. It's not enough to hope the feudal system will go away by itself. There has to be legislation.

Agree with you.

It’s those who won’t pay it that are happy with it.

Germanshepherdsmum

As am I. If the likes of John McDonnell were in power I would not be surprised to see that become a reality, were it not for the fact that it would be political suicide and the necessary legislation wouldn’t get through. Many would love to see it happen though.

I am totally against any IHT. Why in the world should the government have any more excess money to squander?

I must be dim - why do some people favor high IHT?

Soon someone will be along to explain my dim-ness!

As am I. If the likes of John McDonnell were in power I would not be surprised to see that become a reality, were it not for the fact that it would be political suicide and the necessary legislation wouldn’t get through. Many would love to see it happen though.

Rosie51

MaizieD I think you'll find the reference is to the suggestion made some time ago on another thread that when you die your assets should go to the state in entirety, that there should be no inheritance at all for your family.

I remember that thread, and no surprise I am totally against that as well.

It is an iniquitous tax on the dead. 40% of everything above the threshold unless you are leaving business assets or farmland and a few other things that most of us will not own.

MaizieD

^Heated and stupid -- why after a life of work hard give everything (property, wealth, possessions) to the government to squander?^

You don't give up anything because you are dead.

Your heirs don't lose everything, either, they pay IHT on assets in excess of £325,000 (or more in some circumstances). £325,000 might seem like sad chicken feed to some people, but for most it is more than they will ever have. Your heirs are lucky to get it.

40% tax on money and assets that have already been taxed!
£325,000 doesn’t even buy a 1/2 bedroom flat in the south east of the U.K.

I am 100% against inheritance tax, always have and always will be.

MaizieD I think you'll find the reference is to the suggestion made some time ago on another thread that when you die your assets should go to the state in entirety, that there should be no inheritance at all for your family.

Heated and stupid -- why after a life of work hard give everything (property, wealth, possessions) to the government to squander?

You don't give up anything because you are dead.

Your heirs don't lose everything, either, they pay IHT on assets in excess of £325,000 (or more in some circumstances). £325,000 might seem like sad chicken feed to some people, but for most it is more than they will ever have. Your heirs are lucky to get it.