Tip - Can you inherit your dead parent's debts?

The answer is usually no - but not always. It's complicated: Much depends on state law and who exactly is listed on accounts. And even if there is no legal obligation, those debts may wipe out your inheritance.
Tags: adult children, deceased parent, estate, taxes, medical debt, mortgage debt, credit card debt, American Academy of Estate Planning Attorneys, Roger Levine, Mari Adam, inheritance, estate tax, Stuart Ebby, Wells Fargo, IRS, 401(k), IRA