"Inheritance funds" refers to the money or assets that someone receives from a deceased family member or relative's will after they pass away. Full definition
These plans are often used with those who wish to pay estate taxes and / or those who intend to leave inheritance funds to their loved ones. (locallifeagents.com)
The only time inheritance may be subject to division is when a couple decides to divorce or if inheritance funds were shared or used to purchase marital property during the marriage. (info.legalzoom.com)
Purchasing life insurance will provide additional control of inheritance funds you're creating if you do not have a will or trust established. (termlifeadvice.com)