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
MS Queen Elizabeth maiden voyage to the Canary Islands the following day. The Queen was also the sponsor of the now-retired "Queen Elizabeth 2" in 1967 and Cunard's current flagship, "Queen Mary 2", in 2004. The first master of "Queen Elizabeth" was Captain Christopher Wells. On Monday 4 October 2010 "Queen Elizabeth" was formally handed over to Cunard. She sailed on her maiden voyage from Southampton on Tuesday 12 October 2010, following a naming ceremony with the monarch on Monday 11 October 2010. At the end of October 2011 "Queen Elizabeth" and her fleet mates changed their registries to Hamilton, Bermuda, in order