Re: Luxembourg: Josephine-Charlotte's jewels indeed auctioned off - more Archived Message
Posted by Lucas on February 10, 2014, 8:43 am, in reply to "Re: Luxembourg: Josephine-Charlotte's jewels indeed auctioned off - more"
Henri's answer on why the jewels were being sold is obviously the most reasonable explanation, with just one observation: In a normal relationship among familymembers, children wait with the division of the inheritance until the last surviving spouse has passed. In this case it seems that A: One of the children badly needed money and demanded the division to take place right away, or B: There is bad blood amongst the children, what forced the division right away. sidenote: I don't think that the 5th and 6th daughter of Prince Bernhard were illegal Henry. Illegitimate thay have been, but illegal ? --Previous Message-- : In the article by Luxarazzi is stated that : Grand Duke Henri wanted his siblings : Marie-Astrid, Jean, Margaretha and Guillaume : to have a fair share in the inheritance of : their mother. : : As long no special precautions have been : made (like handing over possessions into a : Foundation or a Trust Fund) the surviving : spouse (Grand Duke Jean) and all five : children have inheritance rights. As jewels : can not be broken in half, it is better to : auction them off and to divide the revenues : of that auction amongs the beneficiaries of : the late Grand Duchess. : : This is exactly why so many royal : collections have fragmented and disappeared. : And this is exactly why in the Netherlands : and Sweden these Foundations (not only for : jewels b.t.w.) have been established. : : Grand Duke Henri himself has 5 children, so : when jewels are still in private ownership, : a new fragmentation is around the corner... : It was courageous of then Queen Juliana to : hand over so many possessions into the hands : of legal entities. In essence she was : denying her four daughters and their issue a : (quite considerable) private wealth in turn : for shared wealth for the Royal House as a : whole. The private wealth of the late Prince : Bernhard of the Netherlands was equally : divided amongst his four legal and two : illegal daughters. Had the Prince a : collection of jewels in his private : ownership, then these would have been : auctioned off as well or one of the : beneficiaries has to "outpay" the : five other sisters for the value of the : jewels. : :
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