Estate Planning
Inheritance
Definition
What is Inheritance?
Assets or rights received from a deceased person's estate.
Example in practice
How This Looks in Practice
The beneficiaryA person or entity entitled to receive assets, income, insurance proceeds, or trust benefits. inherits shares and propertyLand and buildings held for use, rent, development, or capital appreciation..
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Related Terms
Estate Planning
Estate
The property, investments, rights, and obligations left by a person at death.
Estate PlanningEstate Planning
Arranging ownership, beneficiaries, documents, and taxes for incapacity or death.
Estate PlanningWill
A legal document directing how a person's estate should be handled after death.
Behavioural FinanceLoss Aversion
The tendency to feel losses more strongly than equivalent gains.