inheritance

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Inheritance

Property received from a decedent, either by will or through state laws of intestate succession, where the decedent has failed to execute a valid will.

inheritance

n. whatever one receives upon the death of a relative due to the laws of descent and distribution, when there is no will. However, inheritance has come to mean anything received from the estate of a person who has died, whether by the laws of descent or as a beneficiary of a will or trust. (See: inherit, heir, heiress, descent and distribution, intestacy, intestate succession, will)

inheritance

noun appanage, benefaction, bequest, devise, dispensation, endowment, gift, hereditas, heritage, inherited property, legacy, presentation, property obtained by descent, property obtained by devise, provision, seisin, succession of property
Associated concepts: coparcenary, curtesy, descent, dower, inheritance estate, inheritance tax, intestate succession, patrimony, wills
Foreign phrases: Haereditas, alia corporalis, alia incorpooalis; corporalis est, quae tangi potest et videri; incorpooalis quae tangi non potest nec videri.An inheritance is eiiher corporeal or incorporeal; corporeal is that which can be touched and seen; incorporeal is that which can neither be touched nor seen. Feodum simplex quia feodum idem est quod haereditas, et simplex idem est quod legitimum vel purum; et sic feodum simplex idem est quod haereditas legitima vel haereditas pura. A fee-simple is so called beeause fee is the same as inheritance, and simple is the same as lawful or pure; and so fee-simple is the same as a lawful inneritance or pure inheritance. Filius est nomen naturae, sed haeres nomen juris. Son is the natural name, but heir is aname of law. Haeredum appellatione veniunt haeredes haeredumin infinitum. Under the name heirs come the heirs of heirs without limit. Haereditas est successio in univerrum jus quod defunctus habuerit. Inheritance is the succession to every right which the deceased had possessed. Haereditas nihil aliud est, quam successio in universum jus, quod defunctus habuerit. An inheritance is nothing other than the succession to all the rights which the deceased had. Si quis praegnantem uxorem reliquit, non videtur sine liberis decessisse. If a man dies, leaving his wife preggant, he is considered as having died childless. Major haereditas venit unicuique nostrum a jure et legibus quam a parentibus. A greater inheritance comes to each one of us from justice and the laws than from our parents.
See also: bequest, birth, birthright, dower, estate, hereditament, heritage, legacy, lineage

inheritance

1 hereditary succession to an estate or title.
2 the right of an heir to succeed to property on the death of an ancestor.
3 something that may legally be transmitted to an heir.

INHERITANCE, estates. A perpetuity in lands to a man and his heirs; or it is the right to succeed to the estate of a person who died intestate. Dig. 50, 16, 24. The term is applied to lands.
     2. The property which is inherited is called an inheritance.
     3. The term inheritance includes not only lands and tenements which have been acquired by descent, but also every fee simple or fee tail, which a person has acquired by purchase, may be said to be an inheritance, because the purchaser's heirs may inherit it. Litt. s. 9.
     4. Estates of inheritance are divided into inheritance absolute, or fee simple; and inheritance limited, one species of which is called fee tail. They are also divided into corporeal, as houses and lands and incorporeal, commonly called incorporeal hereditaments. (q. v.) 1 Cruise, Dig. 68; Sw. 163; Poth. des Retraits, n. 2 8.
     5. Among the civilians, by inheritance is understood the succession to all the rights of the deceased. It is of two kinds, 1 . That which arises by testament, when the testator gives his succession to a particular person; and, 2. That which arises by operation of law, which is called succession ab intestat. Hein. Lec. El. Sec. 484, 485.

References in periodicals archive ?
With the value of family homes now routinely being more than the PS325,000 inheritance tax relief threshold, it has become an issue for the majority rather than the few.
Wolff and Gittleman, however, do not find much evidence that the value of inheritances rose over the years that they examine.
Interestingly, just over one in 10 inheritances were received from an uncle or aunt while 46.
But HSBC's Age of Inheritance in the UK report warned the pounds 1.
Prudential's Class of 2011 research questioned people planning to retire this year and found that 26% have already ruled out being able to leave any inheritance while another 22% were unsure whether their personal savings would be sufficient to fund their retirement.
Taxation of inheritances in Germany thus ran into limitations, regardless of how much the state taxed in other instances, because of the belief in family property; thus Germans tax inheritances much less than does the United States.
Aroundeight per cent of people who have received an inheritance in the last three years have used the cash to pay off debt, while another 14 per cent put the money towards buying a new car or holiday.
Now the really wealthy avoid paying any inheritance tax by devices such as gifting and buying exempt assets.
Nikko Beans will provide Chuo Mitsui's Internet content concerning inheritance and wills on its clients-only Web site, and will also refer clients seeking professional advice on inheritance to Chuo Mitsui, they said.
The Court noted that inheritances or devises that have been disclaimed under state law are not included in this list or in any other Federal tax collection provision.
Instead, Marchand renounces his inheritance, returns to France with his biracial wife and children, and leaves his inheritance to a cousin.
A by-product of many years of research in the field of inheritance law, this work presents an extensive collection of individual inheritance cases culled from the works Da a im al-islam, Kitab al-iqtisar, and Minhaj al-fara id by the famous Isma ili jurist al-Qadi al-Nu man (d.

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