Edward VIII was dependent on his brother’s generosity after he abdicated, and had almost no personal funds. William, in contrast, is sitting on a cool £8m inherited from his mother.

abdicate (v) : commonly expresses the act of a monarch in voluntary and formally yielding up sovereign authority; as, to abdicate the government. Resign is applied to the act of any person, high or low, who gives back an office or trust into the hands of him who conferred it. Thus, a minister resigns, a military officer resigns, a clerk resigns. The expression, ”The king resigned his crown,” sometimes occurs in our later literature, implying that he held it from his people – source: The Independent Review 9.5.2003, p. 3