Inheritance refers to the transfer of a person's Assets to their Heirs and Beneficiaries after their death.
Inherited assets can include real estate property, money, investments, and other personal belongings and valuables.
The transfer of inheritance typically occurs through a legal process called Probate, a court supervised process in which the deceased's assets are distributed according to the directives they wrote their Will.
The Surviving Family, and other beneficiaries who receive an inheritance may be the deceased's spouse, children, grandchildren, siblings, parents, other relatives, or designated individuals or organizations.
If the deceased did not have a will at the time of their death, their estate will be distributed to Inheritors based upon state laws, known as Intestacy.