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

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 ?
However, she was excluded from the inheritance by her uncles when her paternal grandfather died in 1999.
The Office of Tax Simplification (OTS), which was commissioned by Chancellor Philip Hammond to review current rules around the tax, said there are many areas where inheritance tax is poorly understood and requires substantial record keeping.
Assuming you're a married couple or in a civil partnership, your fears of a large inheritance tax bill may be unfounded.
'As per the new bill, NADRA Sahulat Centres will issue inheritance certificates within 15 days of the application,' said the minister, adding that earlier, such certificates were issued after years of hearings in courts.
Before April 6, 2017, residential properties in the UK owned by non-UK domiciled individuals through an offshore structure - a company incorporated outside of the UK - was not subject to inheritance tax.
The latter has become a common narrative in many Kenyan communities, where inheritance is customarily passed from fathers to sons.
Allam said in a statement that the Holy Qur'an detailed the way of sharing inheritance and these texts are expressly established and Ijtihad is not applied on expressly established texts from the Qur'an and Sunnah.
Fraoues Friday told reporters, on the fringes of a seminar held in Tunis on inheritance equality in the Maghreb region, there is need to adopt the draft law put forward by the Committee on Individual Freedoms and Equality (French: COLIBE) which reflects the content of Article 21 of the Constitution on full gender equality.
Of people who did receive an inheritance between 2014 and 2016, those aged 55 to 64 saw an average PS33,000.
ISLAMABAD -- Ministry of Human rights Thursday launched an awareness drive about the provision of free legal aid to ensure right of inheritance for women.
LAHORE: In a country where women themselves are treated as property, not an iota of shock is experienced when a female is denied her rightful share in inheritance. We live in a place where women are literally used to pay family debts, settle disputes and score revenge points.