Law
Legal Treatment of Inherited Contracts in Succession Law
Quick fact
In many legal systems, heirs receive both the assets and the debts of the deceased, but they are not personally liable for the debts beyond the value of the inherited estate—a principle known as 'benefit of inventory' (or limited liability).
Why this is interesting
If you inherit a relative's house, do you also inherit their mortgage, their lease, or their employment contract? The surprising answer is that it depends on the type of contract and how you accept the inheritance.