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5 Things Prince George Will Inherit

Prince George of Cambridge may only be kindergarten age, but he’s already gotten to know the royal life. Here are five things he will inherit from his parents.

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Prince William and Kate MiddletonPhoto: Simev/Shutterstock

5 Things Prince George Will Inherit

While being born into the British Royal Family doesn’t have as many perks as it did a few centuries ago (such as unquestioned, sovereign rule over an empire, for instance), there are a few fabulous things His Royal Highness Prince George of Cambridge will inherit. Click on to find out what will be bestowed upon the royal baby.

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Luxury living room in mansionPhoto: Shutterstock

The Duchy of Lancaster

While the royalty don’t technically own crown lands, the Duchy of Lancaster is a portfolio of land, property and assets held in a trust for the Sovereign in his or her role as Duke of Lancaster. Since its establishment in the 1300s, the Duchy has passed on the Monarch’s heir upon their passing. The Duchy is about 46,000 acres of land that includes urban developments, historic buildings, and farm lands in many parts of England. Valued at 348 million pounds, each year, the property generates about 13 million pounds of revenue that gets distributed to the royalty to pay for ongoing costs.

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English country estatePhoto: Shutterstock

Tax Exemption

Through an agreement with 1993 Prime Minister John Major and Queen, the monarch is exempt from the usual 40 percent inheritance tax on large estates.

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Buckingham PalacePhoto: Shutterstock

High-Class Lodgings

William and Kate’s baby boy will have the use of royal palaces, including Buckingham Palace, Clarence House, Hampton Court Mews and Paddocks, Kensington Palace, Marlborough House Mews, St. James’s Palace, and Windsor Castle. Not too shabby!

Plus: This is Why Prince William and Kate Middleton Never Show PDA

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Whale in oceanPhoto: Shutterstock

Sea Life

Citing a 1324 statute from the reign of King Edward II, the monarch possesses the whales, sturgeons, and dolphins taken in the seas within the realm. These forms of sea life are recognized as “Fishes Royal” and when captured within three miles of a shore within the monarchy can be claimed on behalf of the crown.

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Crafting jewelryPhoto: Shutterstock

Stunningly Beautiful Loaner Jewelry

The collection of precious jewelry and royal finery amassed through the centuries is known as the Crown Jewels. Yeomen Warders, also called Beefeaters, guard the Crown Jewels in the Tower of London, which has housed the royalty’s valuables since the 14th century. A couple of notable pieces include the Sovereign’s Scepter, which includes the First Star of Africa, a flawless 530 carat diamond; and Queen Elizabeth’s 1937 coronation crown with the 106-carat Koh-i-Nur (Mountain of Light) diamond.

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Originally Published in Reader's Digest Canada