Meaning & Definition of word "Inheritance"

Inheritance

/ɪnˈhɛrɪtəns/

1. The act of receiving property, titles, debts, rights, and obligations upon the death of an individual.
- Example: She received a large inheritance from her grandmother, including a house and several investments.
2. Hereditary characteristics or qualities passed down from ancestors.
- Example: His musical talent was a remarkable inheritance from his family lineage.
3. The process by which genetic traits are passed from parents to offspring.
- Example: The study of inheritance in plants helps scientists understand how traits are passed down through generations.
4. An asset or legacy kept as a result of policies established or actions taken by previous generations.
- Example: The community center is a cultural inheritance that reflects the history of the area.

●Middle English, from Latin 'inhaerentia', meaning 'to stick to or cling to'.

inheritance tax:

A tax levied on the value of property or money inherited from a deceased person.

lineal inheritance:

Inheritance that is passed down through direct descendants.

inheritance planning:

The process of preparing for the transfer of a person's wealth and assets after death.

inherit:

To receive property or rights from someone upon their death.

heir:

A person legally entitled to the property or rank of another on that person's death.

legacy:

An amount of money or property left to someone in a will.

Meaning: Old money

● Example Sentence: She comes from old money, with her large inheritance from generations past.

Meaning: Windfall

● Example Sentence: He just got a windfall from his grandfather’s inheritance.