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 ?
92% of the dominant eyes were within [+ or -]0.05 D of SE correction at the end of 6 months.
Many studies have focused on the relationship among the dominant eye, hand and foot.
The dominant eye. Psychological Bulletin, 83,880-897.
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. For example, El-Mallakh, Wyatt, and Looney (1993) investigated the relationship of eye dominance and eye winking and discovered that participants were less likely to wink their dominant eye.
You can see better if you use your dominant eye to look through a telescope or microscope.
For the most part, our dominant eye is on the same side as our dominant hand, but not always.
Leave the diopter setting at zero for your dominant eye. Adjust the diopter for the other eye until it sees the same sharp image you see with the dominant eye.
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."