One year ago,Meghan MarkleandPrince Harryannouncedtheir decision to step away from royal duty— a departure that would change the royal family forever.

“Meghan and Harry took a huge leap of faith to embark on their new life,” a source close to the couple tells PEOPLE in this week’s cover story.

It was a leap that would reshape not just the royal family but the monarchy too.

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This “progressive new role,” as the couple described it in their previous statement outlining the change — including earning their own income — offered a fresh start. “It was always their dream to be financially independent and pay their own way,” says the source close to the couple. With that dream finally realized, “The year started out with a lot of excitement and anticipation,” says a source close to the prince. “Harry was finally doing what he’d wanted to do for years, and to have Meghan and [19-month-old son] Archie with him was all he could have asked for.”

Prince Harry and Meghan Markle.

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When the pandemic hit just as the details of the so-called"Sandringham Summit" agreementtook effect in March, it soon became clear that much of the compromise the couple had hoped to attain was not to be. But if they didn’t leave the U.K. with everything they wanted, they did walk away with the biggest prize: The freedom to set their own course.

Meghan Markle, Prince Harry and Archie in South Africa in September 2019.Henk Kruger/AP/Shutterstock

Prince Harry and Meghan, Duchess of Sussex, holding their son Archie

“Despite everything that has been going on this year, they don’t regret their move to the U.S.,” says an insider. “They love that they are able to focus on projects and causes that are important to them.”

source: people.com