Best answer is to contact a tax professional, as they are the best to help review your personal information and direct you. However, generally speaking your not responsible, per-say, for his tax obligations. Yet, if you have joint-bank accounts or assets, they are subject to IRS Tax Judgments, Liens and/or levies.
Secondly, if you file under the "married filing jointly" then anything he owes, you owe, and vice-versa. So any income tax return you expected can be garnished by the IRS without notice or warning, and complete disregard to anything you may have been due individually.
It will depend on whether she was listed in the debt documents. In most cases the estate will be responsible and if there are not enough assets, the debt goes unpaid.
http://www.creditinfocenter.com/rebuild/debt_validation.shtml
No. There seems to be some confusion as a POA becomes null and void upon the death of the grantor. However, the POA grantee is never responsible for the debt of the grantor beyond said grantor's financial assets.
In a way, it won't make a difference. His death doesn't end his obligations for this or any other debt. His estate must resolve those before dispersing to beneficiaries. So it will pay, and presuming your the beneficiary of the remainder, there will be less to receive.
A bad debt is a debt that cannot be covered, or the person responsible to pay it becomes insolvent (dies or becomes poor).It falls under the category of loss to company.Hope that helps.
No. A spouse is not responsible for their spouse's debts that were incurred prior to marriage. The only debt that can be shared post-marriage that was incurred pre-marriage would be debt on an account that you became a joint account holder on after marriage.
No you are responsible for his debt prior to marriage. Keep in mind that each come to the marriage with their own personal credit history. You are only responsible for joint accounts. Credit obtained in both names.
no nobody is responsible
No
no.
If the husband was not liable for the debt, then his wages cannot be garnished to collect on the judgment. The judgment is against the person who incurred the debt.
He is. What he comes to the marriage with is his, including debt.
Yes, in Oklahoma a spouse is responsible for their exes debt during marriage. If the debt benefited both parties than both parties must pay. An attorney can help you explore your options.
The husband's estate is responsible. If she was a co-signer or beneficiary of the debt, she will have some responsibility.
Whoever had the debt is responsible. Any carry over debts do not count in the marriage. What you both get into debt together is what counts.
You can annulled based on the ground that your husband refused to have kids! Always worth a try! Good Luck.
No. You are responsible for your debts. You are both responsible for joint debts. Your spouse is repsonsible for your spouse's debts. This is regardless of when you get married or when the debt is acquired. There are a few exceptions such as burial expenses, nursing homes, estates, tax l iens, etc. But for regular consumer debts pertaining to loans and revolving credit, only the person who signed the application for credit is repsonsible for the debt incurred.