If your grandfather leaves his candy factory to you in his will, it means you're the heir to the family candy business, and after your grandfather dies, you will inherit the factory.
When you're named in a will or are legally entitled to inherit something, you're an heir. You can be the heir to someone's money, business, or title; in a monarchy, the king or queen's oldest son is usually the heir to the throne. The word heir isn't pronounced like "hair," but instead has a silent h and sounds like "air."
n a person who is entitled by law or by the terms of a will to inherit the estate of another
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an heir whose right to an inheritance cannot be defeated if that person outlives the ancestor
the person legally entitled to inherit the property of someone who dies intestate
heiress, inheritress, inheritrix
a female heir
a person who expects to inherit but whose right can be defeated by the birth of a nearer relative