law+of+inheritance

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• inheritance — in·her·i·tance /in her ə təns/ n 1: the act of inheriting: as a: the acquisition of real or personal property under the laws of intestacy or sometimes by will b: the succession upon the death of an owner either by will or by operation of law to… …   Law dictionary

• inheritance tax — n: an excise tax that is levied upon the privilege of receiving property as heir or next of kin under the law of intestacy and that is measured by the value of the property received compare estate tax Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

• inheritance tax nil rate band — England, Wales The amount of an individual s estate which is chargeable to inheritance tax (IHT) at 0% (that is, on which there is no IHT to pay). If the value of an estate (including any chargeable transfers of value ( …   Law dictionary

• inheritance tax plan — There are several forms of available tax relief and accepted means of structuring ownership which enable holdings which enable individuals to alleviate the consequence of Inheritance Tax where ownership of family companies is passed to new… …   Law dictionary

• galton's law of inheritance — or galton s theory of inheritance Usage: usually capitalized G Etymology: after Sir Francis Galton, its formulator : a theory in genetics: the parents of an individual together contribute on an average 50 percent of the total inherited characters …   Useful english dictionary

• inheritance — /in her i teuhns/, n. 1. something that is or may be inherited; property passing at the owner s death to the heir or those entitled to succeed; legacy. 2. the genetic characters transmitted from parent to offspring, taken collectively. 3.… …   Universalium

• Inheritance — In*her it*ance, n. [Cf. OF. enheritance.] [1913 Webster] 1. The act or state of inheriting; as, the inheritance of an estate; the inheritance of mental or physical qualities. [1913 Webster] 2. That which is or may be inherited; that which is… …   The Collaborative International Dictionary of English

• inheritance — in‧her‧i‧tance [ɪnˈhertns] noun [countable, uncountable] LAW money, property, or other things that become yours after someone has died: • people who suddenly have large lump sums to invest, perhaps from an inheritance * * * inheritance UK US… …   Financial and business terms

• LAW OF RETURN — LAW OF RETURN, law passed by the Israel parliament (Knesset) on July 3, 1950, the anniversary of the death of theodor herzl . The Law of Return is one of the earliest and most significant of the basic laws of the State of Israel. Declaring that… …   Encyclopedia of Judaism

• Law — /law/, n. 1. Andrew Bonar /bon euhr/, 1858 1923, English statesman, born in Canada: prime minister 1922 23. 2. John, 1671 1729, Scottish financier. 3. William, 1686 1761, English clergyman and devotional writer. * * * I Discipline and profession… …   Universalium

• Law — • By law in the widest sense is understood that exact guide, rule, or authoritative standard by which a being is moved to action or held back from it Catholic Encyclopedia. Kevin Knight. 2006. Law     Law …   Catholic encyclopedia