What happens to the Queens jewels, clothes and prized possessions after her death

Queen Elizabeth II's death on Thursday at the age of 96 has resulted in a wide variety of plans going into motion.

Alongside organising the longest reigning monarch's funeral and the formalities of declaring Charles as king, another big issue is what happens to the Queen's possessions including her jewellery, clothes, and estates.

Elizabeth II had both personal wealth and possessions, along with the income from the state during her years on the throne – but what happens to this now she has passed?

This is what happens to her money, possessions, and property now that Charles has succeeded her and become the King…

How rich was the Queen?

According to The Sunday Times Rich List, the Queen had an estimated net worth of £370m in 2022.

Her personal wealth and assets she held as part of her role as the sovereign were not one and the same and although she was considered to be one of the richest women in the world, the Queen was shy about disclosing her wealth.

Her Majesty received 15 per cent of the profits from the Crown Estate's property portfolio, but from funds two years in arrears.

The income covered the running costs of the Queen's household as well as events such as official receptions, investitures, and garden parties.

The percentage increase to 25 per cent in 2017 to cover the cost of a 10-year programme of repairs at Buckingham Palace – giving the Queen around £82.4 million in 2019/20.

But the Queen also had her own investments, including private art and stamp collections, racehorses, a share portfolio, and the estates of Sandringham and Balmoral.

Over the three decades up to 2017, the Queen won around £6.7 million in prize money from horse racing.

What happens to the Queen's money and estates?

With the Queen holding on to most of her wealth on behalf of the country, this will pass into the hands of her son, King Charles III – who will continue to receive the same share of the Crown Estate.

But the Queen is likely to have written a will to choose how her personal wealth will be divided out, the Daily Star reports.

Hart Reade solicitors said that should the Queen have chosen to leave all her money to Charles as her heir, then she would have been exempt from inheritance tax.

According to a post on the firm’s website: “A special deal struck with the government means any assets left by a UK monarch to their immediate successor will be free from inheritance tax, although gifts left to other children or relatives will be taxed in the usual way.”

Meanwhile, Buckingham Palace and other royal residencies will be held in trust for the country by King Charles following the Queen's death.

The palaces, as well as the Royal Collection and the Crown Jewels were not in the Queen's personal wealth and will pass onto each succeeding Head of State.

But the estates at Balmoral in Scotland and Sandringham in Norfolk have been in the royal family's possession for decades, and are most likely to have been passed down to the new king.

What happens to the Queen's possessions?

As stated, a lot of her possessions are held in a trust rather than being a part of the monarch's private collection – so her extensive jewellery collection, including the Crown Jewels, tiaras, brooches, diadems, and more will remain in the trust.

But the Queen also has a private collection of jewellery, which is most likely going to be passed down through the Windsor family.

King Charles and Camilla, Queen Consort, will be granted access to the jewels – both those owned by trusts and the private collection, while Kate, Princess of Wales, is also believed to be receiving some pieces from the Queen's collection.

The Queen's private jewellery collection houses approximately 300 items of jewellery, including 98 brooches, 46 necklaces, 34 pairs of earrings, 15 rings, 14 watches, and five pendants. When they were not being worn, they were stored in the Queen's Gallery at Buckingham Palace.

What happens to the Queen's wardrobe?

While the Queen's jewellery collection may be extensive, her elegant wardrobe may be smaller than you think.

During her 70 years on the throne, Queen Elizabeth II often attracted attention because of her brightly coloured outfits, with the monarch more often than not stealing the show through her wardrobe.

But the Queen is believed to have never worn the same outfit twice at important events, so would often change her outfits around and – if she got bored of them – she would send them to her dressers, who would then wear them themselves or sell them.

However, the labels were always removed and it was never mentioned to buyers that they were worn by the Queen herself.

"Queen Elizabeth’s clothes are a constant source of comment in the media. So, when she finally gets tired of it, she will hand it to one of her dressers. They can either wear it or sell it," said Brian Hoey, author of a 2011 book about the life of Queen Elizabeth, entitled "Not in Front of the Corgis", according to The Royal UK.

"There is one provision. All labels must be removed and anything that could possibly identify it as having come from royalty obliterated," added the royal expert.

So while there is no official word as to what will happen to her iconic wardrobe, there's a good chance they will be given to her dressers, with any specific outfits of note given to people privately in her will.

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