Net Succession Law and Legal Definition

Net succession is a term found in inheritance tax statutes. Net succession is the value of the property remaining for the beneficiary after the satisfaction of such charges and burdens as may be lawfully satisfied in due course of administration. It is only such property that can be properly said to actually pass to the beneficiary. [In re Estate of Hite, 159 Cal. 392, 394 (Cal. 1911)].