päranduse

Päranduse, often translated as inheritance or legacy, refers to the transmission of assets, property, rights, and obligations from a deceased person to their heirs. This process is governed by legal frameworks that vary significantly across jurisdictions. In most legal systems, inheritance can be determined through a will, a legal document specifying the deceased's wishes for the distribution of their estate, or by intestacy laws if no valid will exists. Intestacy laws typically dictate a hierarchical order of beneficiaries, usually starting with close family members like spouses, children, and parents.

The assets included in an inheritance can encompass a wide range of items, from real estate and financial accounts to personal belongings and intellectual property. Similarly, obligations such as debts and taxes also form part of the estate and are generally settled before the remaining assets are distributed. The process of inheritance often involves legal procedures like probate, which validates the will, identifies heirs, and manages the estate's assets and liabilities. Inheritance plays a crucial role in wealth distribution and intergenerational transfer of resources within societies. It can also carry cultural and emotional significance, representing the continuation of family traditions and values.