Inheritance refers to?

Inheritance refers to?

• A. Something passed down from your parents to you, or the act of receiving something passed down from your parents. When your parents leave you their home in their will, this is an example of your inheritance.
• B. A tax you pay on wealth
• C. A fee charged by lawyers
• D. A government benefit

Answer: (A)

Inheritance is the assets you receive from someone, typically after they pass away or as defined in a will. It can be money, a house, or other property that is transferred to you. The example—your parents leaving their home to you in their will—fits this idea of inheritance because it is a property transfer from one generation to another. The other options describe different financial concepts: a tax on wealth, a lawyer’s fee, or a government benefit, none of which involve receiving property or wealth from a relative through a will.

Inheritance is the assets you receive from someone, typically after they pass away or as defined in a will. It can be money, a house, or other property that is transferred to you. The example—your parents leaving their home to you in their will—fits this idea of inheritance because it is a property transfer from one generation to another. The other options describe different financial concepts: a tax on wealth, a lawyer’s fee, or a government benefit, none of which involve receiving property or wealth from a relative through a will.