SS.912.FL.7.14

Explain the implications of receiving an inheritance.

Clarification 1: Instruction includes understanding that an inheritance is money or assets a person has been bequeathed when someone passes.

Clarification 2: Instruction includes creating a detailed plan for an inheritance.

Clarification 3: Instruction includes understanding the impact to one’s taxes from receiving an inheritance.

General Information

Subject Area: Social Studies

Grade: 912

Strand: Financial Literacy

Standard: Identify and analyze methods of protecting financial investments and personal information.

Date Adopted or Revised: 05/24

Status: State Board Approved

Related Courses

This benchmark is part of these courses.

2102300: Economics and Personal Finance (Specifically in versions: 2023 - 2024, 2024 and beyond (current))

2102305: Economics and Personal Finance Honors (Specifically in versions: 2023 - 2024, 2024 and beyond (current))

2102371: Personal Finance and Money Management (Specifically in versions: 2023 - 2024, 2024 and beyond (current))

2102373: Personal Finance and Money Management Honors (Specifically in versions: 2023 - 2024, 2024 and beyond (current))

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