inherit

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Inherit

To receive property according to the state laws of intestate succession from a decedent who has failed to execute a valid will, or, where the term is applied in a more general sense, to receive the property of a decedent by will.

inherit

v. to receive all or a portion of the estate of an ancestor upon his/her death, usually from a parent or other close relative pursuant to the laws of descent. Technically, one would "inherit" only if there is no will, but popularly it means any taking from the estate of a relative, including a wife or husband, by will or not. (See: descent and distribution, will, intestacy, intestate succession, heir, heiress)

inherit

verb accede to, acquire, acquire from ancessors, be granted a legacy, be the heir of, come into possession as an heir, derive from, fall heir to, gain, have succession as an heir, obtain, receive, receive a legacy, receive an endowment, receive as right, receive by bequest, receive by devise, receive by law of descent, receive by succession, receive property as an heir, rem hereditate accipere, succeed to, take, take as an heir, take by descent, take by inneritance, take by succession
See also: accede, acquire, hold, possess, receive, succeed
References in periodicals archive ?
Whether inherited retirement account funds can be rolled over into an inherited Roth IRA depends, first, upon whether the designated beneficiary is the original account owner's spouse.
At the same time, if you inherit 401(k) assets, you'll want to avoid any missteps that trigger unintended tax consequences.
The next Oregon AD will inherit a department that, unlike many of its Division I counterparts across the country, is not only in good financial condition but is entirely self-supporting.
Like all identical twins, she and Elizabeth inherited the same genes.
* Huntingdon's Disease (HD) is an inherited progressive neurological disorder.
* If there are no children, the spouse inherits the first $200,000, plus one-half of any excess, and the balance passes to living parents or, if none, to any sibling.
Cost Segregation Consultants, a national service practice dedicated exclusively to identifying and securing tax savings for property owners through a new, complex and underutilized property classification technique, reminds those who have already inherited, or may soon inherit commercial and multifamily residential property, to take advantage of the benefits of a cost segregation analysis as soon as the estate is settled.
Familial multiple endocrine neoplasia type 1 (FMEN1) is an inherited disorder that affects the endocrine glands.
This has led scientists to believe that a person is susceptible to multiple sclerosis only if he or she inherits an unlucky combination of several genes.
If a mother cell divides symmetrically, many scientists theorized that the offspring inherit cellular components equally ravaged by the experiences of previous generations.
Example 1: B inherits $1,000,000 worth of property from A, which is the amount remaining after estate taxes on A's $2,000,000 estate (assuming a 50% marginal estate tax rate).
Nearly everyone who inherits a susceptibility to FMEN1 will develop parathyroid overactivity (hyperparathyroidism) by age 60.