Inheritance

**Inheritance** is the transfer of assets from a deceased person to one or more beneficiaries. The assets that can be inherited include real estate, personal property, cash, and investments. The process of inheriting assets is governed by the laws of the state in which the deceased person was domiciled.

There are two types of inheritance: testate and intestate. Testate inheritance occurs when the deceased person leaves a will that specifies how their assets should be distributed. Intestate inheritance occurs when the deceased person dies without a will. In most states, the law will determine how the assets of an intestate decedent are distributed.

The beneficiaries of an inheritance are the people who are entitled to receive the deceased person's assets. The beneficiaries are typically named in the will, but if there is no will, the law will determine who the beneficiaries are.

There are a number of factors that can affect the amount of an inheritance, including the size of the estate, the number of beneficiaries, and the laws of the state in which the deceased person was domiciled.

Inheritance can be a complex process, and it is important to seek professional advice if you are involved in an inheritance dispute.