TThe Queen and her family would walk away with Balmoral & Sandringham, the artwork they privately own, the jewels they privately own, the Queen's private investments, the Queen's horses and the Queen's stamp collection (I think). HM would enjoy the life of a lady in the country, riding horses. AI do wonder how prepared the RF are for this ever happening, the Queen receives £12million+ from the Duchy of Lancaster that goes to her personally and is used to meet a lot of the costs of other royals etc but that still leave a fair amount going to her personally, could the RF cope even privately without this and just the income from Balmoral, Sandringham and private investments? Recently in the Norwegian RF threads it was said King Harald V's fortune was mainly held in trusts set up in case of an "emergency" to provide income independent of the State - maybe QE2 should think of something similar.
Im sure the RF have provision against the day when maybe they have to go...