Heir

What Does Heir Mean?
A person who inherits some or all of the estate of a recently deceased person. The legal successor is usually selected because he or she is related to the deceased by a direct bloodline or has been designated in a will or by a legal authority.

Investopedia explains Heir
Originating in feudal times, the heir was usually the oldest male child in the family.

Related Terms

Abeyance
Curtesy
Dower
Entity-Purchase Agreement
Escheat
Inheritance
Primary Beneficiary
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