Financial

Inheritance

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Inheritance

Any form of property that one receives when a person dies. One may receive an inheritance because the deceased person had so specified in a will, or, if there is no will, one may receive an inheritance simply by being a close relative of the deceased. In most countries, inheritances are taxed if they are valued over a certain amount. See also: Estate.
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Inheritance

As distinguished from a bequest or devise, an inheritance is property acquired through laws of descent and distribution from a person who dies without leaving a will. Property so acquired usually takes as its basis, for gain or loss on later disposition or for depreciation, the fair market value at the date of the decedent's death. An inheritance of property is not a taxable event, but the income from an inheritance is taxable.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
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References in periodicals archive
This inheritance pattern could be consistent with X-linked inheritance, with females showing variable clinical expression.
To date six forms of isolated SHFM harboring autosomal dominant, autosomal recessive and X-linked inheritance has been reported globally.
In familial cases, autosomal dominant inheritance is more common than X-linked inheritance.[5] To date, mutations in seven different genes have been found; however, at present, gene G4.5 (TAZ gene) on the Xq28 chromosomal region identified in neonatal isolated LVNC is the only confirmed disease-causing locus.[6] Owing to a lack of facilities, our patient could not undergo genetic testing.
The disease is genetically and clinically heterogeneous, and autosomal dominant, autosomal recessive and X-linked inheritance were established in an extensive study of Swedish families with AI.
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