Earl Of Cardigan Broke!!

[vakayu]

Does this mean we ARE all in it together if even the aristocracy are living on benefits!!

[Tilly2]

he needs to pull himself together.

[Baldric]

Broke what? do you have a link?

[vakayu]

Lol tilly very quick,do we feel sorry for him?

[jno]

dukes and earls are always blowing the family fortune on gambling debts, slow horses and loose women, nothing new there. Some fine houses have come to the National Trust that way.

[emmie]

did his buttons all fall off.

[jno]

Baldric

http://www.telegraph.co.uk/news/uknews/law-and-order/9835452/Earl-of-Cardigan-on-Jobseekers-Allowance-and-training-to-be-HGV-driver.html

[vakayu]

Baldric I'm sorry I can't do links must learn,it was while I was on the Gazza thread with a link to The Mail.

[Baldric]

Thanks jno, always nice to know the de tails

[sandyRoe]

Same as me then. I'm asset rich and cash poor too.

[vakayu]

Where about is your stately pile then sandyroe,and are you also squandering the money on painfully slow horses?

[sandyRoe]

Well, not quite the same. I don't have a 4500 acre estate in a nice part of England, just a semi with a tiny garden and a falling down garage.

[vakayu]

Oh what a shame then no where to house your limo and sport cars.

[sandyRoe]

though I'd wager I've backed as many slow horses as anybody else

[douglas9401]

Training to be an HGV driver? He'll have no problem when the examiner asks him to..........................pullover.

[bookbinder]

vakayu: putting a link on AB is straightforward. I have put this link just as an example.
1. Call up your chosen news item on to your screen.
2. Move your mouse pointer to the address bar near the top of the screen (that's the bar that has the site address - http://www. - etc. on it.
3. Left click the address bar. The whole length of the address turns blue.
4. Press and hold Ctrl, then press C. That makes a copy of the address.
5. Call up the AB site, left click in the answer box (with the Submit button below), then press and hold Ctrl then press V.
6. Your link should appear in the answer box. It will be printed in black, but when you press Submit, it will appear in the list of answers in orange, and can then be accessed by others.
http://www.telegraph.co.uk/journalists/sam-marsden/9825188/Earl-of-Cardigan-spat-at-and-insulted-estate-trustee-over-heirlooms-sale-row.html

[FredPuli43]

Don't quite get the legal set up. It looks as though the man was not fit or able to have or run the whole estate and conceded it to trustees, he being thereafter the beneficiary of 49 per cent of its income or such sums as the trustees allow him under the terms of the trust. If, as suggested in the link, he owns 49 per cent,I can't immediately see why he can't apply to the court to force a sale of the whole lot, so he may release his capital, and why that application could ever fail.

But he certainly wouldn't be the first to be literally asset rich (the beneficiary of a trust doesn't own the assets) yet get no income from the assets and so be cash poor. In current times, many owners of businesses, office blocks etc are in exactly that position.

[NOX]

The whole estate is in a matter of flux with him trying to flog off silver, the trustees trying to flog off paintings all with the courts involved to the hilt, and it's nothing to do with him being 'unfit' it's all to do with the trrusteeship of the Savernake Estate, since he is the heir of the Marquess of Alilesbury. He's a very decent man.

[FredPuli43]

So, Nox, the whole estate is held by a trust? Then the trustees own it. He can't sell anything that is part of the estate because he doesn't own it, nor has he any automatic right to direct estate employees or interfere in the management of the estate. All he owns is the title of Earl of Cardigan and anything he owns in his own right, his personal property. No wonder he's a bit frustrated.