Britain is in a fortnight of mourning after Queen Elizabeth II died on Thursday.
The longest-reigning British monarch passed away after being placed under medical supervision early on Thursday at Balmoral.
King Charles III was crowned on Saturday morning.
READ MORE: King Charles booed at proclamation as police arrest woman for holding sign
The Queen's funeral will take place on September 19 after her journey from Balmoral, where she died, to London, began on Sunday morning.
But her possessions will already have started to be divided up.
How rich was the Queen?
According to The Sunday Times Rich List, the Queen had an estimated net worth of £370m in 2022.
Her personal wealth and assets she held as part of her role as the sovereign were not one and the same and although she was considered to be one of the richest women in the world, the Queen was shy about disclosing her wealth.
Her Majesty received 15 per cent of the profits from the Crown Estate's property portfolio, but from funds two years in arrears.
The income covered the running costs of the Queen's household as well as events such as official receptions, investitures, and garden parties.
The percentage increase to 25 per cent in 2017 to cover the cost of a 10-year programme of repairs at Buckingham Palace - giving the Queen around £82.4 million in 2019/20.
But the Queen also had her own investments, including private art and stamp collections, racehorses, a share portfolio, and the estates of Sandringham and Balmoral.
Over the three decades up to 2017, the Queen won around £6.7 million in prize money from horse racing.
What happens to the Queen's money and estates?
With the Queen holding on to most of her wealth on behalf of the country, this will pass into the hands of her son, King Charles III - who will continue to receive the same share of the Crown Estate.
But the Queen is likely to have written a will to choose how her personal wealth will be divided out, the Daily Star reports.
Hart Reade solicitors said that should the Queen have chosen to leave all her money to Charles as her heir, then she would have been exempt from inheritance tax.
According to a post on the firm’s website: “A special deal struck with the government means any assets left by a UK monarch to their immediate successor will be free from inheritance tax, although gifts left to other children or relatives will be taxed in the usual way.”
Meanwhile, Buckingham Palace and other royal residencies will be held in trust for the country by King Charles following the Queen's death.
The palaces, as well as the Royal Collection and the Crown Jewels were not in the Queen's personal wealth and will pass onto each succeeding Head of State.
But the estates at Balmoral in Scotland and Sandringham in Norfolk have been in the royal family's possession for decades, and are most likely to have been passed down to the new king.
What happens to the Queen's possessions?
As stated, a lot of her possessions are held in a trust rather than being a part of the monarch's private collection - so her extensive jewellery collection, including the Crown Jewels, tiaras, brooches, diadems, and more will remain in the trust.
But the Queen also has a private collection of jewellery, which is most likely going to be passed down through the Windsor family.
King Charles will be granted access to the jewels - both those owned by trusts and the private collection, while Kate, Princess of Wales, is also believed to be receiving some pieces from the Queen's collection.
The Queen's private jewellery collection houses approximately 300 items of jewellery, including 98 brooches, 46 necklaces, 34 pairs of earrings, 15 rings, 14 watches, and five pendants. When they were not being worn, they were stored in the Queen's Gallery at Buckingham Palace.
What happens to the Queen's corgis?
The Queen owned more than 30 corgis and dorgis - a corgi dachshund mix - during her entire reign.
Her most recent two - Muick and Sandy - will return to the care of Prince Andrew and Sarah Ferguson.
The pair had gifted the dogs to the Queen in 2021.
READ NEXT:
Mother in Westmeath car fire named locally as tributes paid after death of two children
Experts say common washing machine mistake is costing you money
Tributes paid to 'kind hearted' father of two who died in overnight Clare crash
Get breaking news to your inbox by signing up to our newsletter
