Queen Elizabeth The Queen Mother bulk of her estate, estimated to be worth between £50 and £70 million, including paintings, Fabergé eggs, jewellery, and horses, to her surviving daughter, Queen Elizabeth II. Under an agreement reached in 1993, property passing from monarch to monarch is exempt from inheritance tax, as is property passing from the consort of a former monarch to the current monarch, so a tax liability estimated at £28 million (40 percent of the value of the estate) was not incurred. The most important pieces of art were transferred to the Royal Collection by Elizabeth II. Following her death, the Queen successfully applied
Golden Jubilee of Elizabeth II Golden Jubilee of Elizabeth II The Golden Jubilee of Queen Elizabeth II was the international celebration held in 2002 marking the 50th anniversary of the accession of Queen Elizabeth II to the thrones of seven countries, upon the death of her father, King George VI, on 6 February 1952, and was intended by the Queen to be both a commemoration of her 50 years as monarch and an opportunity for her to officially and personally thank her people for their loyalty. Despite the deaths of her sister, Princess Margaret, and mother, Queen Elizabeth The Queen Mother, in February and March