This paper outlines an egalitarian account of the regulation of inheritance and bequest. I focus on the relational egalitarian idea that justice requires dismantling of oppressive social hierarchies maintained by concentrations of non-financial capital within certain groups. The significance inheritance can be traced to the way in which the causal relation between wealth and capital is subject to a temporal (and hence intergenerational lag). Much social hierarchy is created not by inequality of wealth as such, but by these inequalities being replicated across successive generations. So, a morally distinctive role of inheritance lies in its helping this lag to be overcome. In light of these considerations, egalitarians should revise the standard assumption that an egalitarian estate tax should merely be steeply progressive. Instead, inheritance should be taxed in ways sensitive to the history of bequest in the relevant family line, rather than to the sheer financial value of an estate. This view turns out to have further theoretical advantages for egalitarians, and I will try and explore these if there is time.