What phrase describes an estate that cannot pay the debts of the deceased individual?

The phrase "insolvent estate" describes an estate that cannot pay the debts of the deceased individual because it specifically refers to a situation in which the liabilities of the estate exceed its assets. When an estate is deemed insolvent, it means that the total debts owed by the deceased surpass what can be collected from their estate, thereby preventing the fulfillment of all financial obligations.

Insolvency is a critical legal and financial condition that affects how the estate is administered, typically leading to considerations regarding the prioritization of creditor claims and the distribution of any remaining assets. The estate will follow specific legal procedures to address the debts, and creditors may need to accept partial payments or write off some of the debts.

The other terms provided do not accurately encapsulate this condition: "bankrupt estate" might imply legal proceedings similar to personal bankruptcy, which usually applies to individuals rather than estates; "compliant estate" is not a widely recognized term in this context; and "probated estate" refers to the process through which a deceased person's will is validated and executed, rather than indicating any financial health of that estate. Thus, "insolvent estate" is indeed the most appropriate term to describe an estate unable to cover its debts.