Any species of property that may be inherited; lands, tenements, anything corporeal or incorporeal, real, personal, or mixed, that may descend to an heir.
Property that can be inherited. It may be real, personal, tangible or intangible. Tangible hereditaments, called corporeal heriditaments, include such things as buildings, furniture, or land. Intangible (incorporeal) hereditaments are things like accounts receivable, easements, water or mineral rights.