When Diana, Princess of Wales, died on that warm night in Paris in 1997, she left behind two young princes and an estate valued at approximately £21 million. And of course a woman of her stature had a last will and testament which she signed in June 1993 and then modified with a first and only codicil in February 1996. The original will and codicil left the young princess's estate in equal shares to the young princes when each child reached the age of 25.
Since both princes are over the age of 25 (William Arthur Philip Louis, known as Prince William, is currently 29, and Henry Charles Albert David, known as Prince Harry, is currently 27), one would think that they had already received their inheritances a few years ago, but not so fast. Apparently the executors of Princess Diana's estate, her mother, Frances Ruth Shand Kydd, and her oldest sister, Lady Elizabeth Sarah Lavinia McCorquodale, did not like the provisions of the will because they were able to obtain a variation order from the High Court of Justice in December 1997. Under the terms of "The Arrangement," as it is referred to in the court order, the will was modified to provide that part of Princess Diana's estate will be distributed outright to each of her sons upon turning the age of 30.
With Prince William's 30th birthday fast approaching on June 21, it is speculated that he will have the right to receive a lump sum of £10 million, or about $16 million U.S. dollars. And what will the young prince do with all of that money? Some believe he will use it buy a home for him and his wife, Catherine, the Duchess of Cambridge (the former Kate Middleton who already turned 30 back in January), close to his father's Highgrove retreat. Pure speculation, of course.