Jeremy Passmore explores the potential routes to meeting the maintenance costs of possessing expensive property and assets
Castle Howard is one of the great houses of England; a magnificent eighteenth century building set in a thousand acres of parkland in North Yorkshire. It is the epitome of a stately home and known to many as the setting of the well-loved film, Brideshead Revisited. Its many rooms are filled with old master paintings and other fine works of art.
But such wealth of land, buildings and objects comes with enormous financial implications. Land must be managed, old buildings require endless maintenance and objects of art need to be properly preserved and insured.
On top of that, if such assets are sold, gifted or pass on death, there is the pot...