The current life of the King is full of luxuries, royal travels and a castle as a residence. With the title of King comes the royal responsibilities, too. Considering King Charles is the oldest Prince of Wales to be the King, his reign will end someday soon and go to Prince William.
This will bring changes to William’s life and duties of the throne. He already has the lavish lifestyle, but with King’s titles, they will change, and so will his assets. Prince William’s new title will be King as he’s in the line of succession.
He will be the King and the reigning monarch when King Charles III dies. The ceremony may take some time, but the title will be transferred as soon as he passes. The royal family is already making preparations, looking at Charles’ health and cancer diagnosis.
The title will add several responsibilities to William as he’ll be the head of state and will have a say in national matters, too. He will appoint new prime ministers, hold parliament sessions and assent to bills. He’ll also give a speech on Christmas Day and work on several global issues, such as the environment and health.
Prince William will also get Buckingham Palace and its responsibilities. He may choose a different residence to live in with his family, but the property will be his, even though he won’t own it. He will inherit it and keep it as the administrative headquarters till the next monarch.
👑This move is interpreted as a signal that Charles is preparing William for kingship, potentially accelerating the transition due to the King’s ongoing health challenges with cancer. The significance of this decision lies in its indication of a gradual transfer of… pic.twitter.com/FRicpTlqvA
— JuliaSugarbaker@🍷🇺🇸🇬🇧 (@DeltaSassy) July 12, 2025
The family will also be able to stay over at the palace despite it being a working quarters. Prince William will also inherit some other huge properties like Highgrove House, Frogmore Cottage, Kensington Palace and St. James’ Palace.
These could be his secondary residences. Moreover, he may allow other royals to use these properties for residence. Now, talking about the King’s personal fortune, it may also go to William, who is estimated to have $850 million.
Apart from cash, it includes property, business, cars, jewelry, land, and art. Meanwhile, the queen’s wealth of $500 million was passed to children and grandchildren. So he may decide to do the same.
The future of the monarchy.
A new photo (by @ChrisJack_Getty) has been released by Buckingham Palace of King Charles and Camilla, Queen Consort with William and Kate, the Prince and Princess of Wales, at the Heads of State reception the night before the Queen’s funeral. pic.twitter.com/3vQMG3R6Ni
— Omid Scobie (@scobie) October 1, 2022
The personal properties of the King, such as Balmoral Castle and Sandringham Estate, may also go to the Prince or Camilla, whoever the King decides. The Duchy of Lancaster will also be William’s, as the King got it from his mother, and it has been in the British royal family since 1399.
In addition, William will also get the Sovereign Grant, which is a part of the royal operations funds. Apart from this, he will get the crown jewels and the role of supreme governor of the Church, along with the responsibilities.
