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
States headed by Elizabeth II States headed by Elizabeth II The number of states headed by Queen Elizabeth II has varied during her years on the throne, altogether seeing her as sovereign of a total of 32 independent countries during this period. In her capacity as Queen of the United Kingdom (including the British overseas territories), she is also monarch of three Crown dependencies—Guernsey, Jersey, and Man—and, in her capacity as Queen of New Zealand, she is monarch of two associated states—the Cook Islands and Niue—since they acquired this status in 1965 and 1974, respectively. Two situations in two countries differ from the others. The