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
Elizabeth Stuart, Queen of Bohemia Britain, initiating the Hanover line of succession. The reigning British monarch, Elizabeth II, is Elizabeth Stuart's direct descendant of the 10th and 11th generation through different lines. Elizabeth was born at Dunfermline Palace, Fife, on 19 August 1596 at 2 o'clock in the morning. King James rode to the bedside from Callendar, where he was attending the wedding of the Earl of Orkney. At the time of her birth, her father was King of Scots only. Named in honour of Queen Elizabeth I of England, the young Elizabeth was christened on 28 November 1596 in the Chapel Royal at Holyroodhouse.