Two days ago the newspaper De Telegraaf reported that Princess Margriet has dissolved the Trust Fund in which she stored her inheritances from her mother Queen Juliana and her father Prince Bernhard.
The Trust Fund was dissolved and the capital was distributed to the sons of the Princess and Professor Pieter van Vollenhoven: Maurits, Bernhard, Pieter-Christiaan and Floris. It is not known what the value was of the dissolved Trust Fund. According De Telegraaf the second son, Bernhard, known as a shrewd and succesful businessman, managed the Trust Fund on behalf of his mother.
The last weeks this Bernhard was in the news because he owns a lot of real estate in the Netherlands, notably in expensive Amsterdam and even owns a former Formula One race track, which he wants to redevelop for a future re-introduced Grand Prix of the Netherlands on the Formula One race calendar. Bernhard denied that any capital from the Trust Fund was used for his business empire.
It is not known why Princess Margriet has decided to dissolve her Trust Fund. Her sisters all have their own Trusts Funds. Possibly the Princess dissolved her Trust Fund with a transfer to four new Trust Funds with her four sons being the beneficiary of each an own Trust Fund. This would escape the (heavy) tax duties on inheritances and preserve the value of the capital.
Is there a summary?
