Can someone please explain exactly who debt works in relationto death? I understand it means you owe money, but if my parents die owing a bunch of money and leave stuff to me, do I inherit their debt as well? Do I have to pay their medical bills?
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Before any inheritance is given out, debtors are allowed to file a claim against the estate of the dead person. After the claims are resolved the heirs can get their inheritance. Debts are not passed down to the heirs in the US.
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