inherited property

Passed-down assets

Inherited property is real estate, money, or other assets received from someone who has died, typically through a will or estate succession.

The term appears frequently in legal and tax contexts, where inherited property may receive different treatment than purchased assets: The inherited property came with a stepped-up cost basis.

In programming, inherited property refers to attributes a software object receives from its parent class.

Related

will · heir · birthright · passing down · ancestral · deed · trust · trust fund · beneficiary · next of kin · land · homestead · manor · fortune · patrimony · endowment · entail · probate

Categories
Opposites
source of acquisition

inherited propertyearned income

Pay from work

wages · salary · business earnings · investment returns · savings

merit vs. birthright

inherited propertyself-made success

Achievement without external help

new money

legal transfer mechanism

inherited propertyseized property

Assets claimed through legal action

lottery winnings · prize money

Family

inherit, inherited, inheriting, inherits, inheritance, inheritances, inheritor, inheritors, inheritable

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G