Usually, to inherit something somebody has to die. Is my family the only one which gives inheritances before death so they can enjoy seeing the happy faces while still alive? Maybe you could say that those are hand me downs, but we call it "inheritance".
Why do I keep talking about this? Because my aunt gave me some inheritance from a great aunt on Christmas eve. She was visiting my great aunt when she was sorting through her old clothes. And when she saw some great quality leather gloves and a pretty belt, she instantly thought of me! So now I'm the proud owner of two pairs of white leather gloves and a velvet stretch belt: