William And Kate Are Now Officially The Prince And Princess Of Wales

Meet the new Prince and Princess of Wales.

As of today, William and Kate, the Duke and Duchess of Cornwall and Cambridge, have officially inherited the titles of Prince and Princess of Wales from King Charles III and the late Princess Diana.

King Charles, who acceded the throne immediately following the death of Queen Elizabeth II yesterday, announced their new titles in his first public speech as a monarch today.

"As my heir, William now assumes the Scottish titles which have meant so much to me," the King said. "Today, I am proud to create him Prince of Wales, Tywysog Cymru, the country whose title I have been so greatly privileged to bear during so much of my life and duty. With Catherine beside him, our new Prince and Princess of Wales will, I know, continue to inspire and lead our national conversations, helping to bring the marginal to the centre ground where vital help can be given."

A royal source tells BAZAAR.com that the couple intend "on deepening the trust and respect of the people of Wales over time" and "will approach their roles in the modest and humble way they’ve approached their work previously."

And while Princess Kate "appreciates the history associated with this role," she also wants "to look to the future as she creates her own path."

They aren't the only ones to receive a new title. Camilla, formerly known as the Duchess of Cornwall, is now officially the Queen Consort. Prince Harry and Meghan Markle's children, Archie and Lilibet, also now have a right to be titled as prince and princess.

Buckingham Palace announced the death of Queen Elizabeth II, the longest reigning monarch in British history, yesterday. "The Queen died peacefully at Balmoral this afternoon. The King and The Queen Consort will remain at Balmoral this evening and will return to London tomorrow," the statement read.

This article originally appeared on Harper's BAZAAR US.