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If you marry in a community property state do you inherit the debt of your new spouse?
Wiki User
∙ 17y ago
In the direct context, no. Indirectly the non debtor spouse would be affected because all marital property would be subject to creditor attachment if the creditor decided to pursue litigation.
Wiki User
∙ 17y ago
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If you marry someone who is in default on their credit card how will it affect your credit?
Debts or the defaulting of, does not carry over into a marriage. Therefore, the other spouse's credit rating will not be jeopardized. If real property is jointly purchased, the creditor may be able to get a judgment based on the debtor's share.
Can they garnish your husbands wages for a credit card debt you incurred before you got married you live in Minnesota?
Yes. When you marry, you marry your spouse's credit history. The histories merge (as you are now one in the eyes of banks), so your problems are now his problems.
What happens if you were unmarried and got a home loan and then you marry?
Nothing, so long as you do not get divorced or die, and then it varies by situation and state. If you refinance after you are married, your spouse may be a borrower with you or may "join in" on the mortgage. Again that depends on certain conditions of the refinance such as whether or not you are refinancing your homestead property. Finally when you sell, depending on the same factors, you husband or wife may have a role to play in that sale.
What happens if you have a reverse mortgage and then marry someone who is under 62?
You granted the mortgage on your property and it would not be affected by your subsequent marriage. It is likely there is a clause in the mortgage that you cannot transfer any interest without the banks approval. That would prevent your adding a name to the title. Your property will remain subject to the mortgage and if you are still married at the time of your death either the bank will take possession of your home or your surviving spouse will need to pay off the mortgage if they want to keep the property. The amount due on reverse mortgages grows rather quickly.You granted the mortgage on your property and it would not be affected by your subsequent marriage. It is likely there is a clause in the mortgage that you cannot transfer any interest without the banks approval. That would prevent your adding a name to the title. Your property will remain subject to the mortgage and if you are still married at the time of your death either the bank will take possession of your home or your surviving spouse will need to pay off the mortgage if they want to keep the property. The amount due on reverse mortgages grows rather quickly.You granted the mortgage on your property and it would not be affected by your subsequent marriage. It is likely there is a clause in the mortgage that you cannot transfer any interest without the banks approval. That would prevent your adding a name to the title. Your property will remain subject to the mortgage and if you are still married at the time of your death either the bank will take possession of your home or your surviving spouse will need to pay off the mortgage if they want to keep the property. The amount due on reverse mortgages grows rather quickly.You granted the mortgage on your property and it would not be affected by your subsequent marriage. It is likely there is a clause in the mortgage that you cannot transfer any interest without the banks approval. That would prevent your adding a name to the title. Your property will remain subject to the mortgage and if you are still married at the time of your death either the bank will take possession of your home or your surviving spouse will need to pay off the mortgage if they want to keep the property. The amount due on reverse mortgages grows rather quickly.
What happens to your credit if you marry someone who has filed bankruptcy in the past?
If the couple apply for any type of joint financing such as a home morgage it could create difficulties. Other than joint financial transactions the credit of the spouse who was not a party in the BK will not be affected
If you marry a man from nigeria will he get a spouse?
If you marry anyone, you become his (or her) spouse.
If you marry a divorced person can his or her ex-spouse go after your assets to satisfy any unresolved or new financial issues from the divorce?
No. Whatever obligations the person had before marriage, does not carry over into the marriage. Even if the couple reside in a community property state, the assets of the new spouse does not play a part in any "old debts".
When a child's natural parent's marry each other after the birth does the child then have legitimate rights to inherit property or Family Titles?
All about the Wills. If a parent writes it in their will, it will be excecuted.
When you marry will your credit and your spouse's credit be combined and will you be responsible for your spouse's collections?
No.Debts acquired before marriage remain the responsibility of the person who made them.However, if you live in a community property state all debts of a married coples are joint debts.In other words, if you buy a car, house, take out a loan, get a credit card,etc., your husband will also be responsible for the debt.
If you own property solely then marry will your spouse then gain half?
This depends on the law of the jurisdiction in which the property is owned and in which the married couple live. This also depends on whether this has been the 'marital home', whether there are children, and many other factors. There is no hard and fast rule, except to say that if this affects you personally, you should seek legal advice. Many lawyers will offer initial advice on matrimonial affairs free for the first half-hour.Another PerspectiveYour spouse doesn't usually gain any ownership simply by marrying you. Property acquired before marriage in a community property state does not become community property. Property acquired before marriage in a separate property state can remain sole property.The situation can change if the property becomes a marital property with the spouse contributing to mortgage payments, improvements, etc., especially if the marriage is long term. In the case of a divorce, they may be compensated for their contribution in the division of marital property.If you have questions and want to protect your sole property then you should consult with an attorney in your jurisdiction for advice.
What happens legally and financially when you get married?
When someone marries, he is legally bound to one spouse and is not supposed to marry another without divorce. Financially, they are supposed to support each other and a spouse gets some rights over the marital property.
When two people marry do in California does that mean everything they previously owned is now comminty property?
Yes, it is now community property. Unless they put together a pre-nuptial agreement.
What is the definition of the community property?
Community property states are like California. Husband and Wife share 50% ownership of all that each other owns or is entitled to at the time of divorce. When they divorce, the court will simply add it all up, and divide by two. Non-community property states divide assets based on "equitable distribution", which means they account for property owed prior to getting married, amount of money invested in a business owned by the spouse without ownership passing to the other person, etc. Communtiy property states are mostly western states and the concept dates back to the pioneer days of mail-order brides. There weren't many women on the west coast to marry. If you wanted one, you had to marry a girl back east, and lure her to the West. No girl would risk life and limb to travel west without a guarrantee from lawmakers that said a mairred woman was entitled to half of whatever her spouse owns. That way, if the wife showed up ugly, and was abandoned by the new spouse, she wouldn't be left homeless. It's silly nowadays, but still the law in those states. That's why Californians invented prenuptual agreements to cancel the effects out.
How can you marry in Skyrim?
you must complete the quest The Bonds of Matrimony, which involves speaking with Maramal about marriage and wearing an Amulet of Mara which signifies that you are available to be married. Once you have found an NPC who also wishes to be married, and whose disposition towards you is high enough, you can gain their consent to marry you and then attend the wedding ceremony at theTemple of Mara. After the wedding, if you speak with your new spouse, you can determine where they will live. If you own property, your spouse can move in with you; alternatively, if your spouse owns property, you can move in with them. Spouses will provide a variety of benefits after marriage, such as homecooked meals.
How can you get married if your spouse is an alien?
you can't marry an alien
Who was Christopher latham sholes spouse?
It was Marry Kenosha.
Do Jehovah witnesses marry after death of a spouse?
If they want to.
