Inheritance
From LoveToKnow 1911
INHERITANCE. In English law, inheritance, heir and other kindred words have a meaning very different from that of the Latin haeres, from which they are derived.
Inheritance
Related Category: Legal Terms and Concepts
in law: see heir.
More on Inheritance
Heir - person designated by law to succeed to the ownership of property of another if that owner does not make a contrary disposition of it by will.
Disinherit To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it.
Inheritance Taxes
Taxes that an heir has to pay on property that they inherited. Type of death tax.
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INHERIT - To receive property from a decedent's estate.
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Inheritance tax - A state tax on property that an heir or beneficiary under a will receives from a deceased person's estate. The heir or beneficiary pays this tax.
inheritance taxes - Taxes assessed on the value of inherited property and imposed on the people or organizations who inherit the property.
Inherit: To receive money and/or property from someone who has died. Some may inherit as a result of a specific bequest in a will, or as a consequence of being a member of the family of a person who died without leaving a 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.
inheritance That which is derived from an ancestor or as a legacy, or which is transmissible to an heir or offspring; often used in general sense to refer to the portion of an estate to which one heir is entitled.
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.
INHERITANCE -- Property received from someone who dies, whether by will or by intestate succession. See also INTESTATE SUCCESSION.
Inheritors
Persons or organizations who receive property from someone who dies.
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Inheritance (legal term)
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gifts, inheritances, trusts or settlements received by one spouse from a person other than the other spouse except to the extent to which they are used for the benefit of both spouses or their children; ...
Estate of inheritance
Definition
: an estate that can be inherited (as a fee simple as opposed to a life estate)
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See also: inheritance
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HAEREDITAS
An inheritance, or an estate which descends to one by succession. At common law an inheritance never ascends, haereditas nunquam ascendit. But in many of the... more ...
Hæreditas. Inheritance.
Hæres. Latin. Heir. In Roman law, resembled an executor in English law. See Heir.
Hæres factus. An heir by appointment; a devisee. 18 Pa. 43 (1819).
Hereditary Peers inherit their title and consists of five ranks: Duke, Marquess, Earl, Viscount and Baron. Peerages may become extinct or fall into abeyance, but so long as there is an heir the title will continue.
Roberta's nephew inherited her house because he was the sole issue of Roberta's only sibling, who was herself no longer alive at the time of Roberta's death.
Someone who will inherit property in the future. For instance, if someone dies and leaves his home "to Alma for life, and then to Barry," Barry is a remainderman because he will inherit the home in the future, after Alma dies.
heir : one who inherits or is entitled to succeed to the possession of property after the death of its owner: as a : one who by operation of law inherits the property and esp. the real property of a ...
Per stirpes: (Latin: by stocks) Inheriting per stirpes means the division of a deceased's estate among his descendants, with the children of a deceased son or daughter dividing their parent's share equally among themselves.
TOP Incorporeal hereditament : An incorporeal right which is attached to property and which is inheritable.
Also still part of the law in many states is the unborn heir statute that provides that if the father dies before the fetus, the fetus has full rights of inheritance. Non-persons, of course, cannot inherit.
Community Property: Property and profits received by a husband and wife during the marriage, with the exception of inheritances, specific gifts to one of the spouses, and property and profits clearly traceable to property owned before marriage, ...
Escheat Where property is returned to the government upon the death of the owner, because there is nobody to inherit the property.
Descent: The rules of inheritance established by law in cases in which there is no will naming the persons to receive the possessions of a person who has died.
Separate Property: In community property states (California, Texas, Arizona, Idaho, Louisiana, New Mexico, Nevada and Washington), the property owned by one spouse which he/she acquired: a) before marriage, b) by inheritance, c) as a gift, d) ...
Remainderman: The person who inherits property when someone passes away, and has executed a "life estate deed." For example, John owns a house. He deeds it to himself for life, and then to Jane upon his death. Jane is the remainderman.
Genetic Testing
analysis of inherited factors (usually by blood or tissue test) of mother, child, and alleged father which can help to prove or disprove that a particular man fathered a particular child ...
The legal act of returning property to the government upon the death of the owner, because there is nobody to inherit the property.
Child: May include biological children or any other child who can inherit your personal property under State law or who meets certain specific requirements under the Social Security Act.
HEIRS: Persons who are entitled by law to inherit the property of the deceased if there is no will specifying how it's divided.
He had many rights over the freed slave (libertinus), including the performance of services (opera) and certain rights of inheritance.
Separate property is property which is acquired prior to the marriage, an inheritance, gifts from someone other than the spouse, and property defined as separate under a written agreement.
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Fee Simple
An estate under which the owner is entitled to unrestricted powers to dispose of the property, and which can be left by will or inherited.
Federal Home Loan Board
The board which charters and forbids discrimination in the sale.
heir(ess): A person that inherits or receives money or property from someone that has died.
Generally, this is property that a party either owned prior to marriage, acquired after the date of separation or acquired as a gift or inheritance from a third party at any time.
 See also: Law, Person, Property, State, Will
  
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