While the exact amount may not be the same as that of an average person, Harry and Meghan are struggling to sustain their lavish celebrity lifestyle. When expenses surpass income, what happens next? There may not be enough money to cover lawyers' fees, and questions arise about child support.
It's likely that Harry, with his trust fund, will bear the responsibility, but what income will Meghan have, unless she finds a wealthy benefactor? What happens when the bills cannot be paid in the California courts? Can Meghan and the children find refuge with Doria?
It is important to note that I don't believe the royal family or the crown should step in to provide financial aid, unless they obtain custody of the children and the absentee parents can afford their own trips to the UK.
Considering how Harry has already brought humiliation upon himself and his family, particularly with his previous candid revelations, it remains uncertain whether King Charles will find it necessary to bail him out financially. The world now knows about his controversial remarks regarding his intimate moments and thoughts about his mother. Harry should be capable of handling debts or bankruptcy without further public humiliation.
In my opinion, Charles is unlikely to rush to Harry's rescue. There may be various reasons for this, including the need to address expectations that should be curtailed. For instance, Harry's UK lawyers may have been discreetly informed that the King will not cover Harry's legal fees. Otherwise, Harry might face an influx of ambulance-chasing lawyers seeking to represent him in frivolous lawsuits.
If a divorce occurs and Harry turns to his father for assistance, King Charles might provide help but with certain conditions. However, if a divorce is avoided or Harry refuses to agree to specific terms, there may be minimal assistance from Charles. One commenter mentioned that it would be understandable if King Charles were to help with divorce lawyer fees to spare Harry from further public embarrassment.
However, taking custody of the children would be a detrimental move. Meghancosplaying as a single mother, "Diana 2.0," might weaponize the children and play the race card once again. It's not worth the ensuing drama to seek custody, especially when King Charles should be focused on the future of a streamlined monarchy.
Moreover, it is Harry and Meghan's responsibility to maturely navigate co-parenting, find ways to support themselves financially outside the institution they willingly departed from, and live within their means. They have received significant unearned inheritances and additional millions from King Charles post-Megxit, as well as financial support from U.S. corporations. It is up to them to make wise investments, downsize their lifestyle, and learn to live according to their available resources, as they lack any bankable talents to rely upon.
If Archie and Lilibet eventually become resentful of not being working royals, it is of little consequence. They are not high in the line of succession, and a slimmed-down monarchy without the entitlement-driven Harry and Meghan is beneficial in the long run for the British royal family, governments, and taxpayers.
Archie and Lilibet have only the grifters to blame if they ever feel the need to vent about their privileged lives in sunny California. They can follow in their parents' footsteps and produce an exposé on the Sussexes for Netflix when they are older, although it is unlikely to garner much attention, as the Sussexes will be old news by then.
What sets the situation of Harry and other privileged individuals apart is that they are secure in the knowledge that they won't face homelessness or hunger. They will be provided with housing and support beyond mere accommodation and meals at their parents' house, as they work to get back on their feet. While they may perceive themselves as financially struggling, in reality, they will, at worst, maintain a middle-class standard of living.
What makes the situation even worse is when individuals find themselves in need of financial assistance from their parents or have to declare bankruptcy, or in some cases, both. In Harry's case, his expectation that the world should provide for him solely because he is a prince is particularly objectionable, especially considering his unseemly and morally questionable behavior.
If Harry and Meghan were to file for bankruptcy, it would typically be done in federal court rather than a California court. Bankruptcy falls under federal jurisdiction as it involves the redistribution of money, which is regulated at the federal level. This is why each state does not have its own currency.
When there is a lack of funds, the federal courts can implement various bankruptcy options, although some types are not available to individuals. The court might order a repayment plan or opt for liquidation.
Given that they own a house, it is more probable that a repayment plan would be ordered. If they are unable to afford the house, it would be sold, and the proceeds would be used to repay creditors. Whatever remains, if anything, could potentially be used to purchase a new house outright since their credit would be severely affected.
Another hypothesis suggests that if they are unable to meet major personal debts not under an LLC or Foundation, they may have to liquidate assets held in their LLCs. However, it is assumed that a significant portion of their debt may be divided among multiple LLCs, which could be sacrificed to protect them from losing everything in case some of their ventures fail.
Just imagine having such a safety net, never having to worry about experiencing poverty, hunger, or homelessness, even if you've never worked a single day in your life and spend your days plotting revenge and engaging in self-destructive behavior towards your own family. It truly makes one reflect on the privilege and entitlement that put them in such a position in the first place.
Here's an outrageous suggestion: scale back the extravagant lifestyle and expenses from that of a Russian oligarch to that of a second son of a British aristocrat. Find a house that doesn't require a jumbo jet to land on in a neighborhood or state with lower taxes, a lower cost of living, and fewer natural disasters looming.
Reduce the security measures from those befitting a head of state to a more realistic level suitable for a less prominent member of the British aristocracy. Dial back the PR team from presidential campaign levels to expectations aligned with their actual personalities, achievements, and talents. Lastly, buckle down and focus on producing meaningful entertainment. They might be surprised at how these financial troubles start to settle down.
