Prince William and Prince Harry have big plans to honor their late mother, Princess Diana

HARROGATE, ENGLAND - JULY 05: Prince Harry and Prince William, Duke of Cambridge laugh together on the podium after Stage 1 of the Tour De France on July 5, 2014 in Harrogate, United Kingdom. Spectators and residents prepare themselves and gather on the streets as they get ready to watch Stage 1 of the Tour de France on July 5, 2014 in Harrogate, United Kingdom. The world's greatest cycle race, the Tour de France starts for the first time in its history in Yorkshire this weekend. The event is expected to bring thousands of cycling fans to the region. (Photo by Chris Jackson - WPA Pool/Getty Images)

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It’s the 20th anniversary of Princess Diana’s death, and her sons, Prince William and Prince Harry, have plans to honor her memory.

Over the weekend, the royal family announced that the princes have plans to erect a statue of their mother on the grounds of Kensignton Palace.

According to the family’s official Facebook page, a committee of Diana’s sisters, close friends and charity members will work together to make the perfect tribute to the late princess.

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“It has been twenty years since our mother’s death and the time is right to recognise her positive impact in the UK and around the world with a permanent statue,” Prince William and Prince Harry said in a statement. “Our mother touched so many lives. We hope the statue will help all those who visit Kensington Palace to reflect on her life and her legacy.”

The palace hopes that the statue will be completed by the end of the year.

Princess Diana died suddenly in August 1997 following a car crash in Paris. The statue is just one way her sons plan on honoring her memory this year. They will also continue her legacy though charity work and royal duties.

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