Bilbo Baggins
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Bilbo Baggins is a prominent character in J.R.R. Tolkien's novels: The Hobbit, and Lord of The Rings. He was the son of Bungo Baggins and Belledonna Took, and master of Bag End after his father. Bilbo never married, but rather adopted his orphaned nephew, Frodo Baggins (Son of Drogo Baggins) as his heir.
After his 111th birthday party, Bilbo used his magic ring (Found in his adventure in The Hobbit) to disappear from his guests, before beginning his travels again. In his absence, Frodo received his inheritance of Bag End, Bilbo's possessions and finances, as well as The Ring.