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.
Disinheritance The act by which one refuses to leave property to a would-be heir.
Need Legal Help?
Get Informed ...
Inheritance
It refers to the receipt of the assets and properties including money of an ancestor, usually from parents or close relative, with or without the Will.
Legal-Explanations.com Home ...
Inheritance tax: A tax levied by the county of residence of a person who inherits something from a will. The rate of taxation applied will vary on the size of the inheritance and the relationship between the person who inherits and the deceased.
DISINHERITANCE. The act by which a person deprives his heir of an inheritance, who, without such act, would inherit.
By the common law, any one may give his estate to a stranger, and thereby disinherit his heir apparent.
--b-- ...
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.
inheritance
n. whatever one receives upon the death of a relative due to the laws of descent and distribution, when there is no will.
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.
Inheritance (legal term)
Related answers:
How do you transfer a decedents vehicle title? Read answer...
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)
Search Legal Dictionary ...
See also: inheritance
The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications ...
Descent: Inheritance from one's parents, grandparents, etcetera.
Designate: To choose or select a person to serve in a specified role or capacity.
Designee: The chosen recipient of certain rights or obligations from another person.
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).
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, ...
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.
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) ...
"Regulating succession or inheritance Ab intestato is a legislative province.
For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will.
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.
Service of Process ...
Death Taxes: Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property and some have estate taxes.
non-marital property Generally, property owned by either spouse prior to marriage or acquired by them individually, such as by gift or inheritance, during the marriage.
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.
(3) anything that either of you received, as a gift or by inheritance, at any time.
 See also: Inherit, Law, Person, Property, State
  
|
RSS
