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· inheritance refers to the assets a person leaves to others after they die. Learn exactly what an inheritance is and how it works, including how to set up your own inheritance … The reception of genetic qualities by transmission from parent to offspring. A valuable possession that is a common … Read about inheritance taxes and the probate process. Have questions about inheritance money? Discover how inheritance works when it comes to … Inheritance is the practice of receiving private property, titles, debts, entitlements, privileges, rights, and obligations upon the death of an … · the process of transferring assets depends on if there is or isnt a will.