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 II on 21 November 2017. On 6 February 2017, she became the first British monarch to commemorate a Sapphire Jubilee, and on 20 November, she was the first British monarch to celebrate a platinum wedding anniversary. Prince Philip had retired from his official duties as the Queen's consort in August. The Queen does not intend to abdicate, though Prince Charles is expected to take on more of her duties as Elizabeth, who celebrated her 92nd birthday in 2018, carries out fewer public engagements. On 20 April 2018, the government leaders of the Commonwealth of Nations announced that she will be succeeded