Setting/Notes: I'm writing a story set in 1840's London (so late Regency/early Victorian era). It's slightly AU in that magic exists, though has not effected history all that much (think
Sorcery and Cecelia), so while I'm wiling to play a little fast and loose with making things slightly outdated or ahead of their time, I'd rather they weren't
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Not taboo? Does this book seriously claim that? Not technically illegal, true, and sodomy was hard to prove without witnesses. But homosexuals (and we did exist before the term was coined) were quite despised, and had been getting killed off in Europe since the mid-12th century ( ... )
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How much is his inheritance from his mother? I think he'd most likely invest it in land or property and live on the rental income. Or, given that it's the 1840s, he might invest in railways. If he was willing to take a bit of a gamble, he might buy up land ahead of a rumoured railway line, and hope to sell it at a large profit to the railway company. Or buy up land at the edge of a growing town and sell it to a property developer.
'Well-paying profession' in the situation you describe is a bit of an oxymoron. About the only one that didn't require specific training or qualifications was schoolmaster, and that wasn't well paid and was usually only available to single men of good character.
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I am aware it's not Regency period - Victoria was married, by then, and she was queen for a bit before her marriage, but I figured that there could be some hardcore Austen/Heyer fans who would know these sorts of things, and since it's not meant to be terribly historically accurate (at least, in this universe...), I figured I could fudge, you know, a little. Since I'm already fudging that magic exists, after all.
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One thing that could complicate matters would be if your guy is not yet of age (i.e. younger than 21) when daddy cuts him off. In that case, I believe his father would still be considered his legal guardian (whatever the proper term is) and could possibly prevent your guy from accessing his mother's money until he's is 21. Also, if your guy is the eldest son and there's a title involved or entailed property, I don't know if evil daddy can prevent your guy from inheriting when he (daddy) snuffs it even is he (daddy) has disowned him.
Someone who is more up on Victorian property law may want to clarify that.
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I don't think you could break an entail without the agreement of the heir in the Victorian period. There might be an option to tie stuff up in trusts, though.
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The British East India Company might be a possibility. According to http://www.honeastindiaco.com/, they did have staff in London.
Many British families became involved with the East India Company, often for several generations. Applicants tended to be younger members of British upper middle class families. Entry into the Company often depended upon influence and recommendation from family members already holding senior positions within the Company. The main types of employment were: The Mercantile Marine, Factors and Civil Service, Supracagoes, Soliders, and staff in London. Employment within the East India Company, affectionately known as "John Company," was highly sought after because of the opportunities it afforded to become wealthy. Although the salaries were not high, employees were allowed to trade on their own account. Many employees, in particular senior traders (Factors) and sea captains, ( ... )
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