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March 07, 2008
Inheritance Property
Inheritance property is any property received from a person who is deceased. It can consist of real property such as a house, business or undeveloped land, or personal property such as automobiles, boats, jewelry, household furnishings and clothing.
Inherited property can include financial instruments such as cash, investment portfolios and life insurance proceeds. Although considered personal property, financial inheritances are oftentimes taxed at a different rate than other types of personal property.
Real Estate Investing article on "Inheritance Property"
February 13, 2008
Heirs inheriting realestate from a lost loved one can be traumatic.
The word 'heir' dates back to the 13th century and is derived from the Latin words, hered and heres. These two words are related to the Greek word, chēros, meaning 'bereaved' or 'suffering the death of a loved one'.
Heir can be used to describe a person who either inherits property or is entitled to inherit property. It is also used to describe a person who is entitled to fulfill a specific role, such as an heir to a business or estate. Last, but not least, heir describes an individual who receives a gift or donation or particular quality from a parent or ancestor.
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