Inheritance
Term · Law · MLC-T-LAW-002633
The property, money, or title received by an heir from a deceased person's estate. This transfer of assets occurs according to the terms of a will or the laws of intestate succession if no will exists. Inheritance is subject to probate proceedings and may be subject to estate taxes.
| Identifier | MLC-T-LAW-002633 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002633",
"term": "Inheritance",
"field": "Law",
"definition": "The property, money, or title received by an heir from a deceased person's estate. This transfer of assets occurs according to the terms of a will or the laws of intestate succession if no will exists. Inheritance is subject to probate proceedings and may be subject to estate taxes.",
"url": "https://mlchart.com/terminology/law/inheritance/"
}
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