Curtesy is a legal term referring to the right of a husband to all or part of his deceased wife's real estate, regardless of the provisions in her will. This right traditionally exists to ensure the husband's financial stability after his wife's death.
Hereditaments encompass any property, whether real or personal, tangible or intangible, that may be inherited.
Inheritance tax, a type of tax imposed on those who inherit property from a decedent, is based on the property's value. Unlike estate tax, which is based on the total value of the deceased's estate, the inheritance tax is levied on the shares received by individual heirs.
