The meaning of INHERITANCE is something that is or may be inherited. How to use inheritance in a sentence.

In legal terms, succession refers to the process by which a deceased person’s rights and property are transferred to their heirs, while inheritance refers to the actual property or assets that those heirs …

Feb 10, 2025 · Inheritance refers to the assets a person leaves to others after they die. Read about inheritance taxes and the probate process.

Mar 31, 2025 · This article explains the inheritance rights of family members and loved ones: surviving spouses, ex-spouses, children, and grandchildren. State laws vary. Talk with an estate planning …

INHERITANCE definition: something that is or may be inherited; property passing at the owner's death to the heir or those entitled to succeed; legacy. See examples of inheritance used in a sentence.

Dec 4, 2025 · Generally, the gross proceeds from the sale of inherited property are included in gross income when considering the need to file. If there’s a filing requirement, report the sale on Schedule …

inheritance noun [C usually singular, U] (QUALITY) a physical or mental characteristic inherited from your parents, or the process by which this happens: genetic inheritance