TERM ATTENDANT ON THE INHERITANCELegal Dictionary -> TERM ATTENDANT ON THE INHERITANCE
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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 declared by the original conveyance to attend it or not. 2. Terms attendant on the inheritance are but little known in the United States. 1 Hill. Ab. 243.