When an older person dies, their things often go to their children or younger relatives. You can describe this by saying that the younger people "inherit" the things from their older relatives. For example, some things that a person can inherit from an older family member include:

• money
• a house
• furniture
• jewelry

In addition to money and physical things, a person can also "inherit a position". For example, the CEO of a privately-owned company might make one of her children the CEO when she retires. In this case, you can say:

She inherited the position of CEO from her mother.