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.

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.
References in periodicals archive ?
Engage a target with your dominant eye covered and while holding a bucket of rocks with your non-dominant hand, for instance.
Stock angles and designs to get on target faster--Stock angles that allow the dominant eye to be naturally looking through the sights and resting on the cheek-piece area with little or no conscious adjustment needed to get a sight picture.
However, in sports such as archery which is about aiming based on a dominant eye, it is significantly important to know the contrast sensitivity of eyes especially when two eyes have the same visual acuity.
Any artist painting his own face with precision will faithfully render the dominant eye staring directly at him and the other, slightly off.
Motor coordination may develop in a manner that favors the dominant eye.
He or she should then be able to see your dominant eye staring through the tube.
Usually, the dominant eye will be on the same side of the body as your dominant hand.
In most cases, the dominant eye used for distance correction is the right eye.
We did swinging exercises and patching, where a patch was placed over her dominant eye to encourage the other one to work.
When a gun is mounted up to her cheek her dominant eye should be right above the rib.
Eighteen of the 43 pleaded ignorance regarding dominant eye, 10 could not tell which eye they sighted with, and one pleaded ignorance on the telescope item and another on the keyhole item.
Usually, one of the eyes predominates, and most of the visual information in a stereo view is from the dominant eye.