Just to be clear, the tax is on a transfer of money, not on the money itself. If you transfer only $10 million to your family, the tax will only apply to that $

Just to be clear, the tax is on a transfer of money, not on the money itself. If you transfer only $10 million to your family, the tax will only apply to that $10 million in transfer. Similarly, if you gift them $10 million while they are alive, that money will be subject to taxes.