Family wealth means debt subtracted from salable assets. Given the prevalence of debt for those in poverty, what are the possible implications for inheritance for the children of impoverished parents?
a.) The debt is passed to the children, making debt heritable.
b.) The courts may excuse inheritors (the children) from any financial obligations incurred by the parents, meaning that poverty is not inevitably heritable.
c.) All assets owned by the deceased are used to pay off the debt, making the inheritance to the children of poor people low or nonexistent.
d.) Since people living in poverty rarely have salable assets such as a house, there is usually nothing to pass on to their children.
Answer: d.) Since people living in poverty rarely have salable assets such as a house, there is usually nothing to pass on to their children.
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