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In most cases a waiver has to be signed that states the spouse will not be responsible. This is especially true for credit cards. If you have signed a statement in contract that states in case of death... it depends on what it states; responsible or not responsible, again it is all in the fine print. There may be a waiver on a loan if the spouse had no knowledge of said loan if loan was signed into being prior to a wedding date.

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โˆ™ 2007-05-25 00:13:13
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Q: Are spouses responsible for employee loans after their death?
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When you get married are you legally responsible for her school loans?

If the her is your wife you are responsible for school loans and any other loans as well.


Both your husband and you have student loans will you be responsible for his in a divorce?

Federally Guaranteed student loans are linked to the borrower by their social security number. Only the person listed on the loan by SS# is obligated to repay the loan, not spouses, parents, children, or anyone else.


If spouse is not responsible for student loans acquired before marriage why do they ask for his information?

They are not responsible, but they will consider the spouses income as part of your ability to pay and determine your monthly payments (if on some kind of repayment program) according to your total family income.


Who is responsible for the bank loans after the death of ones husband?

Normally a surviving wife will inherit both the assets and liabilities of her husband, including bank loans. Marriage is an economic partnership.


Who is responsible for a deceased parent's bank loans?

The parent's estate is responsible for the loans. If there are no cash assets to pay the loans the lenders will take the property such as real estate or a vehicle.


Which level of government is responsible for regulating USA payday loans?

There are two levels of government responsible for regulating payday loans. These forms of loans are regulated by the federal and state levels of government.


Is a First Federal Bank of California bank responsible for lies told by the brokers they allow to sell their loans?

Only if you have proof beyond the shadow of a doubt that they lied and the broker was an employee and not a subcontractor.


Is a wife responsible for a husband's student loans in a divorce in PA?

no she cant be because she did not take out the loans out


If there is no money in a person's estate that has passed away do their loans that are unsecured have to be paid?

The estate is responsible for the debts of the deceased. The creditors should be notified of the death but they are out of luck is there are no assets.


Am i responsible for my wife's student loans?

If she incurred within the bounds of the marriage (after you were married). Then yes you are responsible. If they were incurred before then no you are not.


How do I protect myself from paying brother's debts after death?

You will never be responsible for his debts unless you co-signed on loans or debts. If you are the executor of his estate, then you must pay his debts out of the estate.


Will I be responsible for my husband's student loans in a divorce?

IF his student loans accumulated before the marriage, no you will not have to pay for them. However, if it is something that he did while you were married the court may see it as him provding for the two of you and you may be responsible for a share. I would contact an attorney and discuss when the student loans came to be and what you can do to get out of paying.


Can you talk down personal loans after death?

No. People cannot talk about anything after death.


Is future spouse responsible for my student loans?

No, it does not morph into a marital obligation.


Do kids have to pay federal student loans when a parent dies?

If a parent were to obtain a federal school loan for their child and the pass away , the child would not be responsible for paying it back. The loan would be discharged due to death discharge. A death certificate would have to be shown to prove death of the borrower.


Can you file bankruptcy for your student loans and keep your house out of it?

If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.


Are children responsible for deceased fathers debt in California?

Not unless they co-signed for the loans or credit cards. The estate is responsible for the debts.


What agency sets the interest rate on loans?

The agency responsible for setting interest rates on loans is the Federal Reserve Board. The interest rate on loans is tied into the rate of inflation and the GNP or Gross National Product.


Should spouses consolidate their student loans?

Loan consolidation should not be jumped into. Look closely at the size of debt and the interest rate being paid on the various outstanding loans. It may not be a good idea to consolidate depending upon those variables.


What loans were partially responsible for the home mortgage crisis during the 2000s?

Sub-prime


What are you responsible for financially if your same-sex partner dies?

If your name is also on any agreements, loans, leases, etc. you will be responsible for honoring same. You are not otherwise responsible for any of your partner's debt.


Are School loans forgiven at death?

it appears that at least the Federal student loans will be cancelled upon notice of the borrower's death. ?Death of the Borrower. If a former student borrower dies, the executor -- the person who collects and distributes the property left at death -- can cancel any federal student loan.?


Student loans be consolidated?

Effective July 1, 2006, married students are no longer able to consolidate their loans together. If married students consolidated their loans together, each spouse became responsible for the full amount of the loan, and the loans could not be separated if the couple got divorced.


Which commission is responsible for regulating banks and setting interest rates for loans?

Federal Reserve Board


Your husband and you divorced and then he died are you responsible for his 5 bank loans your name was on the home only?

yes

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