How does it work for example in Sweden Archived Message
Posted by Stefan on March 23, 2014, 7:03 am, in reply to "Still a danger of fragmentation of Orange-Nassau jewels"
Wonder how this work in Sweden where the have also foundations. As far as i remeber i once read there are several foundation from several Kings but i don't kn ow if verything is known who owns what is in the foundations. --Previous Message-- : In an old article in NRC Handelsblad about the : immense inheritance from the late Queen : Juliana also the jewels were mentioned. : : In 1963 Queen Juliana decided to place her : jewelry collection into the Foundation : Regalia of the House Orange-Nassau. The : Board of the Foundation is formed by the : four heirs of Queen Juliana: Princess : Beatrix, Princess Irene, Princess Margriet : and Princess Christina. Queen Juliana issued : a special remainder when the Foundation was : established: each of her four daughters have : an equal share. In case of death of Queen : Juliana (2004) the shares are accessible but : with the restriction that when one of the : daughters wants to sell her share, it needs : to be offered to the other heirs first. : : Here lies the danger for the fragmentation. : It means that -for an example- Princess : Irene holds 25% of the value of all : possessions combined in the Foundation : Regalia (which must be immense, think about : all those parures, the diamonds, the pearls, : the sapphires...) and wants to exchange it : for cash, she needs to offer it to her : sisters first. Imagine that neither Princess : Beatrix nor Princess Margriet nor Princess : Christina wants to "outbuy" : Princess Irene, it can still be offered to : an auction house... : : There is no real danger for it, the article : from 2004 stated that Queen Juliana created : funds for her three youngest daughters which : generate an -indexed- annual income. 10 : years ago (2004) this was 116.666,-- Euro : per daughter per year. We are 10 years : further now and each year that amount is : adapted to the inflation. This is apart from : the reimbursement of costs the princesses : make and apart from the personal wealth (the : inheritances from their grandmother, mother : and father) so I think there is no necessity : to sell items, but in theory still the : beautiful collection can be partly sold when : one of the four wants to see cash. : : : http://vorige.nrc.nl/binnenland/article1633437.ece : :
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