Personal Finance
Money Management

Does a spouse have to pay back a loan of a deceased spouse if they are not a joint holder of the loan?

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Wiki User
2006-08-28 19:03:28
2006-08-28 19:03:28

Depends on the state you live in. * If the married couple resided in a community property state the surviving spouse might be held accountable for the debt even though the loan was only in the name of the deceased spouse. In all other states the surviving spouse is not responsible for debt that is incurred solely by a living or deceased spouse.

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