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HEIRLOOM

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Originally appearing in Volume V13, Page 217 of the 1911 Encyclopedia Britannica.
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HEIRLOOM , strictly so called in See also:

English See also:law, a See also:chattel (" See also:loom " meaning originally a See also:tool) which by immemorial usage is regarded as annexed by See also:inheritance to a See also:family See also:estate. Any owner of such heirloom may dispose of it during his See also:life-See also:time, but he cannot bequeath it by will away from the estate. If he See also:dies intestate it goes to his See also:heir-at-law, and if he devises the estate it goes to the devisee. At the See also:present time such heirlooms are almost unknown, and the word has acquired a secondary . and popular meaning and is applied to See also:furniture, pictures, &c., vested in trustees to hold on See also:trust for the See also:person for the time being entitled to the See also:possession of a settled See also:house. Such things are more properly called settled chattels. An heirloom in the strict sense is made by family See also:custom, not by See also:settlement. A settled chattel may, under the Settled See also:Land See also:Act 1882, be sold under the direction of the See also:court, and the See also:money arising under such See also:sale is See also:capital money. The court will only See also:sanction such a sale if it be shown that it is to the benefit of all parties concerned; and if the See also:article proposed to be sold is of unique or See also:historical See also:character, it will have regard to the intention of the settlor and the wishes of the See also:remainder men (Re See also:Hope, De Cello v. Hope, 1899, 2 ch. 679).

End of Article: HEIRLOOM

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