The inheritance of property. Back to the Top

The legal act of taking, or right to take, property by will or inheritance.

A term used to describe transfers of asset ownership through inheritance, gifting, preferential sale, or other means that fulfill the wishes of the person(s) with present ownership of the assets.

The receiving of property by inheritance.

Transfer of real estate by legal means such as through inheritance.

In the Conflict of Laws, the subject of succession deals with all procedural matters relevant to estates containing a "foreign element" whether that element consists of the identity of the deceased, those who may inherit or the location of property. The relevant choice of law rules often distinguish both between the administration of the estate and the succession to it, and between the succession to movable and immovable property, albeit that many states are considering amendment so that a single law will apply to all administration and succession issues. Such uniformity is considered more desirable than the present arrangement that often requires different laws for movables and immovables.