When distributing assets and fulfilling bequests from a Will, which of the following is true? As asset that is exonerated is given to the beneficiary and they are responsible for the debt. As asset that is exonerated is given to the beneficiary debt-free and the executor is responsible for the debt. When as asset is exonerated, the beneficiary gets whatever is left over after all debts are paid. As asset that is exonerated is given to the beneficiary debt-free and the estate is responsible for the debt.