To take possession of as a right (especially in Biblical translations).

“Your descendants will inherit the earth.”

To receive (property, a title, etc.), by legal succession or bequest after the previous owner's death.

“After Grandad died, I inherited the house.”

To receive a characteristic from one's ancestors by genetic transmission.

“Let's hope the baby inherits his mother's looks and his father's intelligence.”

Obtained via an inheritance

“inherited money”

Hereditary.

“an inherited disease”