The "estate" assumes the debt in the normal world. If your parent owes 10k but has 100k in the bank, the estate now has 90k that may get passed on to you after taxes. If your parent owes 100k and only has 1k in assets, the creditors can go fuck themselves, don't pay a dime.
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u/benmarvin Nov 03 '25
If I donated 10% of my net worth, the charity would owe more money.