which is the wrong way to do this. 
Just like wages/salaries, ALL inheritance, along with lottery, gains, etc should pay the same rate. It really does not matter how it was obtained, it is just that it was obtained.

As it is, when my parents die, I fully expect that we kids will pay taxes on it. Im good with it. Just wish that it was FAIR in that it was taxed in the same way that a wage is.