- All or part of a person's estate/assets that is given to an heir once the person is deceased. An inheritance is typically a cash endowment given to younger heirs of the deceased, however any assets can be considered as part of an inheritance, such as stock certificates or real estate. If a will is not in place at the time of death, determining the rightful heirs of the deceased's estate becomes a much more complicated matter.
Inheritances often can be in the hundreds of thousands of dollars in value and, in most countries, inheritances are taxable. An inheritance tax is not necessarily an estate tax, as the two can be defined differently. An inheritance tax would aim to tax the heir who has received the inheritance, while an estate tax would apply to the assets of the deceased's estate.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
inheritance — in·her·i·tance /in her ə təns/ n 1: the act of inheriting: as a: the acquisition of real or personal property under the laws of intestacy or sometimes by will b: the succession upon the death of an owner either by will or by operation of law to… … Law dictionary
Inheritance — In*her it*ance, n. [Cf. OF. enheritance.] [1913 Webster] 1. The act or state of inheriting; as, the inheritance of an estate; the inheritance of mental or physical qualities. [1913 Webster] 2. That which is or may be inherited; that which is… … The Collaborative International Dictionary of English
inheritance — in‧her‧i‧tance [ɪnˈhertns] noun [countable, uncountable] LAW money, property, or other things that become yours after someone has died: • people who suddenly have large lump sums to invest, perhaps from an inheritance * * * inheritance UK US… … Financial and business terms
Inheritance — Auteur Christopher Paolini Genre Fantasy Version originale Titre original Inheritance Éditeur original … Wikipédia en Français
inheritance — [in her′i təns] n. [ME inheritauns < Anglo Fr & OFr enheritance] 1. the action of inheriting 2. something inherited or to be inherited; legacy; bequest 3. ownership by virtue of birthright; right to inherit 4. anything received as if by… … English World dictionary
inheritance — inheritance. См. наследование. (Источник: «Англо русский толковый словарь генетических терминов». Арефьев В.А., Лисовенко Л.А., Москва: Изд во ВНИРО, 1995 г.) … Молекулярная биология и генетика. Толковый словарь.
Inheritance — (engl., spr. Inherritänns), Erblehen, Erbgut. Inheritor, Erbe … Pierer's Universal-Lexikon
Inheritance — (engl. –änß), Erbgut; Inheritor, Erbe … Herders Conversations-Lexikon
Inheritance — [engl.], Vererbung … Universal-Lexikon
inheritance — late 14c., enheritaunce fact of receiving by hereditary succession; early 15c. as that which is inherited, from Anglo Fr. enheritance, O.Fr. enheritaunce, from enheriter (see INHERIT (Cf. inherit)). Heritance act of inheriting is from mid 15c … Etymology dictionary
inheritance — *heritage, patrimony, birthright … New Dictionary of Synonyms