I think the problem could arise in the case of things like heirlooms or homes that have been in the family for years.
I think you might also need to write the law so that people could choose to inherit debt on the same terms as their parents. Otherwise, couldn't the bank demand a higher interest rate as a way to force someone off of their property? How does this sort of thing work currently?
Realistically, a law like this (though it would never happen) would be something along the lines of 100% tax on inheritances over 10 million dollars.
> I think you might also need to write the law so that people could choose to inherit debt on the same terms as their parents.
I assumed that this was already the case.
quick e: Yeah, seems like this is already law "Under federal law, lenders must allow family members to take over a mortgage when they inherit residential property"
I think you might also need to write the law so that people could choose to inherit debt on the same terms as their parents. Otherwise, couldn't the bank demand a higher interest rate as a way to force someone off of their property? How does this sort of thing work currently?