Prince Harry turned 25 this week and as a result of a variation of the terms of  his mother's Will made in December 1997 becomes entitled to the income accrued and accruing on his share of the estate, which was valued at almost £13,000,000.00 after inheritance tax. Prior to reaching 25, income and capital were payable only at the trustee’s discretion.

Harry will still not receive the capital until he reaches 30, but the interest ought to pay for a few nights out at Mahiki whilst his elder brother Prince William at 27 is only a few years away from his full entitlement.

The Princess of Wales’ estate was comprised of stocks and shares, jewellery, dresses and personal items from Kensington Palace. She had also received a £17m divorce settlement from Prince Charles shortly before her death.

The case demonstrates the importance when making a Will of choosing an appropriate age for your children to inherit your money if you should die whilst they are still young. Given the size of the Princess's estate, income at 25 and capital at 30 was a wise decision.