King Charles III would be benefiting from the assets of thousands of citizens in the northwest of England who died without leaving a will, which “secretly” increase the monarch’s patrimony thanks to an antiquated feudal systemas revealed this Thursday ‘The Guardian’.
(You can read: Prince Harry’s unexpected call to his father, King Charles III, on his birthday)
The Duchy of Lancaster is a group of lands and properties that generate enormous benefits for the assets of the British sovereign, who in recent years has obtained tens of millions of pounds under a protocol that dates back to feudal times, according to an investigation by the newspaper .
(We recommend: A year of King Charles III: what is his lineage and heritage)
Thanks to that system, The duchy retains financial assets owned by people who have died without leaving a will or whose relatives are unknown..
Over the past ten years, the duchy has raised more than £60 million (€68 million) in funding and claims that profits from those assets are donated to non-governmental organisations.
(Read also: The cost of living crisis for the royal family that Charles III has to face)
King Charles III (center) in France
Nevertheless, ‘The Guardian’ Maintains that Only a small percentage of those profits actually go to charity, based on information obtained from internal duchy documents accessed by the newspaper..
These papers show how these funds are being used “secretly” to finance the renovation of the king’s properties, which are rented for profit.
(You can read: The error of underestimating the monarchies that still live)
The newspaper recalls that the duchy inherits ‘bona vacantia’ funds – in Spanish, mostrenco assets – from people whose last known address was in a territory that in the Middle Ages was known as the county palatine of Lancashire and was managed by a duke.
Today that area encompasses the counties of Lancashire and parts of Merseyside, Greater Manchester, Cheshire and Cumbria.
![Charles III](https://www.eltiempo.com/files/article_vertical_content_new/files/crop/uploads/2023/05/06/64566e746c9a5.r_1700763703021.272-0-1599-1999.jpeg)
Charles III waves from the balcony of Buckingham Palace.
Leaked internal documents from 2020 gave officials at the king’s estate a license to use bona vacantia funds in a wide range of profit-generating activities, according to the investigation.
This clause recognizes that Spending the money in this way could result in a “casual” benefit for Charles III’s personal income..
(See also: King Charles III: photos showing three generations of British royalty)
Other leaked documents identify properties considered suitable for use of these funds, including mansions, vacation rentals, rural cabins, farm buildings, a former gas station and barns.
The renovations financed with these funds include the installation of new roofs, double glass windows, heater installations or door replacements, among others.
(Also: Twitter user who predicted the death of Queen Isabel gave a date for the death of Charles III)
‘The Guardian’ alleges that three sources related to the expenses incurred by the duchy confirmed that the monarch’s estate uses profits obtained from deceased citizens to renovate their properties.
EFE
#Estate #Carlos #III #benefit #assets #dead #citizens #media