Source : Webster's Revised Unabridged Dictionary (1913)

Inherit \In*her"it\, v. t. [imp. & p. p. {Inherited}; p. pr. &
   vb. n. {Inheriting}.] [OE. enheriten to inherit, to give a
   heritage to, OF. enheriter to appoint as an heir, L.
   inhereditare; pref. in- in + hereditare to inherit, fr. heres
   heir. See {Heir}.]
   1. (Law) To take by descent from an ancestor; to take by
      inheritance; to take as heir on the death of an ancestor
      or other person to whose estate one succeeds; to receive
      as a right or title descendible by law from an ancestor at
      his decease; as, the heir inherits the land or real estate
      of his father; the eldest son of a nobleman inherits his
      father's title; the eldest son of a king inherits the
      crown.

Source : WordNet®

inheriting
     adj : having the legal right to inherit