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But what does inheritance actually entail, and how can it shape your financial future? Inheritance is the transfer of assets, such as money, property or securities, from a deceased person to the surviving beneficiaries. This happens either in accordance with the deceased's will or according to the statutory rules of inheritance if no will exists. You can also receive an advance on inheritance, which means you receive part of the inheritance before the final estate settlement.\",\"isTranslated\":true}]},{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"type\":\"paragraph\",\"children\":[{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"text\":\"Inheritance can lead to significant financial changes in your life, and it can be overwhelming to decide what you should do with it. We all find ourselves in different financial situations, and there is no universal solution for how you should manage the inheritance. 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This sum is deducted from the total inheritance when it is to be distributed amongst the remaining heirs. The child who has received an advance on inheritance will therefore have this portion deducted during the distribution. Many choose to use an advance on inheritance as equity for first-time home purchases, long-term fund savings or other major investments.\",\"isTranslated\":true}]},{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"type\":\"paragraph\",\"children\":[{\"jcr:mixinTypes\":[\"cq:LiveRelationship\"],\"text\":\"The amount or value is not automatically registered as an advance on inheritance. It is therefore important to document this clearly, and it may be advisable to seek legal assistance to avoid conflicts when the estate settlement is to be carried out. 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