* Adjective: This is the most common usage. It describes something that is received from a parent or ancestor, like "inherited wealth" or "inherited traits."
* Verb: This describes the act of receiving something from a parent or ancestor. For example, "She inherited a valuable painting from her grandmother."
* Past Participle: Used as part of a verb phrase, like "The house has been inherited by her son."
It's important to look at the context of the sentence to determine the part of speech.