Bona vacantia are unowned property–primarily the property of people that die with no will and with out heirs. In Britain, as in america, unowned property usually cross to the federal government however Britain is stuffed with historic and unusual traditions and one in all them is that the estates of individuals resident within the “historic county palatine of Lancashire” who die with no will or heirs go to the Duchy of Lancaster.
The Duchy of Lancaster is “a portfolio of lands, properties, and property held in belief for the sovereign.” The Duchy dates again to 1265 however in 1461 Edward IV made it a definite and personal inheritance of the reigning monarch. As such the reigning monarch shouldn’t be allowed to promote the Duchy however is due any returns. To be clear, that is all totally different from the Crown Property that are a bunch of land and property nominally owned by the monarch and devoted to funding the monarchy however but not owned by the monarch privately. Having enjoyable but?
Periodically somebody discovers the duchies and kicks up a fuss and there’s a debate about making the revenues public and giving the monarch a stipend as an alternative. The newest fuss was kicked up by the Guardian with an article that describes the entire thing in correct however lurid phrases:
The king is making the most of the deaths of 1000’s of individuals within the north-west of England whose property are secretly getting used to improve a business property empire managed by his hereditary property, the Guardian can reveal.
Nice stuff! It may solely have been improved by including “the king and his son” are making the most of the deaths of 1000’s of individuals as a result of there’s one other Duchy in Cornwall which is owned by the eldest son of the reigning monarch, on this case Prince William, the place the identical guidelines apply. Prince William additionally has the rights to all of the royal fish caught off the shores of the Duchy—particularly to whales, porpoises, and sturgeon (clearly).
Regardless of having as soon as learn a e-book on the topic, I’m clearly not an knowledgeable within the intricacies of British inheritance regulation. Who’s? However I discovered the again story very amusing.
The put up Bona Vacantia appeared first on Marginal REVOLUTION.