concept   succession
culture   United States
statement   In the United States, succession is the legal and financial process of passing down wealth, assets, and leadership roles.
6 similar statements
# Concept Culture Statement Freq.
1 leadership succession United States Commonly involves a democratic process and a clear line of succession. 1
2 succession United States Succession often involves legal procedures and inheritance laws that dictate how property and assets are passed on to descendants. 1
3 succession United States Succession often involves inheritance of assets and titles within a family, and is governed by legal and financial processes. 1
4 succession United States Succession typically involves passing down wealth and assets to the next generation through legal and financial processes such as wills, trusts, and inheritance laws. 1
5 succession United States Succession refers mostly to electoral or political processes, and the lineage of leaders does not hold the same historical weight as in monarchies. 1
6 successor United States A successor is often chosen based on merit, qualifications, and potential for leadership. 1