Comment Re:Over 18 (Score 2) 632
The estate is the remaining assets and liabilities of the deceased. Once assets are inherited, they no longer belong to the deceased's estate (as the estate, a legal construct, ceases to exist once liabilities are settled and assets are transferred).
You're missing a key logic point there (or misstating your point). If there are debts, any debts except federally secured student loans, the estate is responsible for paying them off. You only inherit stuff once all debts are paid. Therefore, if you've inherited anything, it is only because all debts were satisfied: either paid, forgiven, or assumed by the inheritor.
Belmolis has it nearly correct. The last sentence fragment ", but they never inherit any debt." is the only misleading portion. Inheritors can and do inherit debt, but only when they choose to (mortgage on a house, loan on a car, or, as Cyberax pointed out, any other debt to avoid sentimental items from being auctioned to pay said debt).