In real estate law, an Estate of Inheritance is an ownership interest in property that may be passed on to the owner’s heirs upon death. This type of estate allows the property to descend by operation of law or by will, rather than ending automatically at the owner’s death.
The most common example of an estate of inheritance is a fee simple estate, which provides the greatest bundle of ownership rights. Estates of inheritance are significant because they allow long term ownership, transferability, and the ability to build generational wealth through real property.
