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heirloom


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N.

A chattel that, by custom or close association with land, passed on the owner's death with his house to his heir and did not form part of his residuary estate. Heirlooms now pass to the deceased's personal representatives unless special provision is made for them to pass to the heir direct. When heirlooms are held, together with land, under a settlement, the tenant for life is entitled under the Settled Land Act 1925 to sell the heirlooms. The price is payable to the trustees as capital money.

Subjects: Law.


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