Any property, whether real or personal, that is capable of being inherited is called a ________.

The term that refers to any property, whether real or personal, that is capable of being inherited is "hereditament." This concept encompasses all types of property that can pass on to successors or heirs upon the death of an individual. Hereditaments include not just land and buildings (real property), but also personal belongings (personal property) that can be transferred upon death.

In the context of estate planning and inheritance law, understanding hereditaments is crucial as it outlines what can be passed down to heirs. This distinguishes it from other legal terms, like a codicil, which refers to a legal document that modifies an existing will, or intestate, which describes a situation where a person dies without a valid will, thus leaving the distribution of assets to the state's laws. A bequest specifically pertains to the act of leaving personal property to an individual through a will but does not encompass real property or the overall concept of inheritance. Overall, the precision of terminology in estate law is essential, and "hereditament" is the comprehensive term for inheritable property.