Will the former Prince Andrew still be on the royal family payroll now that the process to remove his titles and honors has officially begun? Us Weekly understands that Andrew will receive an appropriate private provision because he is the brother of King Charles III. However, any other sources of income are on the disgraced royal family member to figure out. Buckingham Palace announced on Thursday, October 30, that Andrew would officially be stripped of his "style, titles and honors" as his sexual assault scandal continues to make headlines. The statement also confirmed that Andrew would vacate his home at Royal Lodge in Windsor, England. "Prince Andrew will now be known as Andrew Mountbatten Windsor," the statement shared with Us Weekly on Thursday read. "His lease on Royal Lodge has, to date, provided him with legal protection to continue in residence." Where Will Prince Andrew Move After King Charles III Removes His Titles? The statement noted that "formal notice" has been issued. Andrew will "surrender the lease and he will move to alternative private accommodation." Us understands that he will relocate to Sandringham Estate in Norfolk. "These censures are deemed necessary, notwithstanding the fact that he continues to deny the allegations against him," the statement concluded. "Their Majesties wish to make clear that their thoughts and utmost sympathies have been, and will remain with, the victims and survivors of any and all forms of abuse." Andrew was first accused of sexual assault in 2019 when the late Virginia Giuffre alleged that she and the former Duke of York had sexual relations in 2001 while she was underage. Andrew has continued to deny the allegations. Giuffre sued Andrew for sexual abuse in 2021, and they settled outside of court the following year. Giuffre died by suicide at age 41 this past April. Months after her death, Giuffre started making headlines about her allegations ahead of her Nobody's Girl memoir release. Days before the book was published, Andrew announced that he would be giving up his royal titles as the scandal continues. (The book, released on October 21, included further allegations from Giuffre against Andrew and Epstein.) Why King Charles Acted Now - and Not Sooner - Against Brother Prince Andrew "In discussion with The King, and my immediate and wider family, we have concluded the continued accusations about me distract from the work of His Majesty and the Royal Family," the October 17 statement read. "I have decided, as I always have, to put my duty to my family and country first. I stand by my decision five years ago to stand back from public life." Andrew concluded, "With His Majesty's agreement, we feel I must now go a step further. I will therefore no longer use my title or the honors which have been conferred upon me. As I have said previously, I vigorously deny the accusations against me." Thursday's statement from Buckingham Palace answered several questions about Andrew's living situation. His lease on the Royal Lodge had Andrew living in the property until 2078. The agreement also stated that Andrew could receive a considerable sum of money from the Crown Estate if he gave up the lease. However, Us understands that it's possible that any compensation Andrew is due could be impacted by the state of the home.