If I understand it correctly, when people die the state and IRS collect taxes from the estate based on the value. Since most people these days die in debt, it's

If I understand it correctly, when people die the state and IRS collect taxes from the estate based on the value. Since most people these days die in debt, it's most likely the property will have to be sold to cover the taxes owed by the estate. This would mean the inheritance in many cases will be the cash left over from the property sale.