Definition of TERM ATTENDANT ON THE INHERITANCE.


TERM ATTENDANT ON THE INHERITANCE.

This phrase is used in the
English courts of equity, to signify that when a term has been created for a
particular purpose, which is satisfied, and the instrument by which it is
created does not provide for a cesser of the term, on the happening of the
event, the benefit in it becomes subject to the rules of equity, and must be
moulded and disposed of according to the equitable interests of all persons
having claims upon the inheritance; and, when the purposes of the trust fire
satisfied, the ownership of the term belongs in equity, to the owner of the
inheritance, whether de-clared by the original conveyance to attend it or
not.


2. Terms attendant on the inherit ance are but little known in the
United States. 1 Hill. Ab. 243.




Source: Bouviers Law Dictionary 1856 Edition

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