If the couple Does Not reside in a community property state then a spouse is not responsible for the other spouse's debts when said debts are solely incurred. If the couple does reside in a CP state it does not matter who incurs the debt as the law assigns the married couple equal rights to assets and equal responsibility for debts.
Not for private debt. Just make sure that the spouse is not a co- applicant. The spouse is responsible only if they are co-applicant.
No, Florida is not a community property state. Married couples who do not reside in CP states are only responsible for those debts that are jointly incurred during the marriage.
Absolutely not ! Whether you're single, engaged or married YOU are responsible for your OWN debt ! Even after you get married - your spouse is NOT responsible for debt YOU owe !
The estate will be primarily responsible. The spouse indirectly will pay, as they cannot inherit until they are resolved and they benefited from the debts incurred.
No, Tennessee is not a community property state. Married couples living in non community property states are not responsible for debts incurred solely by either spouse.
Not unless the spouse signed the debt paperwork. However, will they chase one spouse to get to the other spouse, yes they will.
In Pennsylvania, the surviving spouse, or whoever is listed in the will as beneficiary, is responsible for medical bills. Any debt incurred would be owed by the living spouse.
No. Florida like several other states treat marital debts as being separate when they are not jointly incurred.
Yes because when you get married you are one so your spouse whould be responsible for their debt because that means their in debt to
The Internal Revenue Service says a marriage is a business partnership and each spouse is responsible for all taxes owed. Creditors have a similar outlook. It may be different state to state, but as a rule, each spouse is responsible for all the debt incurred in the marriage.
If the account is joint then both spouses are responsible for repayment. If the account was incurred during the marriage and is held by one spouse and the couple live in a community property state both spouse's are responsible for repayment. If the account was incurred during the marriage by only one spouse and the couple does not live in a community property state, only the spouse who is the account holder is responsible for repayment.
ID SAY THE SPOUSE IS RESPONSIBLE FOR THE DEBT
A husband and wife do absorb each other's debt. They each become responsible for the debts incurred by the other spouse.
If the debt was made when they were still married the answer is yes. STATED BY AUTHOR
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.
Only if the married couple reside in a community property state or the spouse is a joint account holder. An "authorized user" is not considered an account holder and is not legally responsible for debt incurred on a credit card account.
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.
YES with qualifications. Joint assets will be considered as valid for liquidation to meet debt incurred only by one of the spouses.
Yes. STATED BY AUTHOR
If a married couple reside in a community property state both persons are generally held equally responsible for all debts incurred during the marriage regardless of which spouse incurred the debt. Married couples living in states that are not designated as community property are not responsible for each other's debts, although jointly owned marital property (bank accounts, real property) can sometimes be attached by creditors when only one spouse is the debtor.
If the couple resided in a community property state it is possible for the surviving spouse to be responsible for debt incurred by a deceased spouse even though he or she was not an account holder. Texas and Wisconsin are not considered "true" CP states as they treat solely incurred marital debt somewhat differently as do the other CP states.
The person who is the account holder is responsible for the debt unless it can be proven the debt was fraudulently incurred.
I am not certain what you mean by "community property change", unless it pertains to a divorce decree. If you live in a community property state, and the debts were incurred while you are married. The spouse is indeed responsible for those debts. In non-community property states the person who contracted the debt, is the only person responsible. Therefore, the debt(s) usually "die" with the deceased person. There are exceptions, however, some states have laws which make the spouse responsible if the debts are defined as "necessities". Such as medical expenses, food, shelter, etc.
The surviving spouse is only responsible for creditor debt if the accounts were jointly incurred during the marriage unless that debt is considered a bill of necessity (i.e. medical and utility.) In some states you have to be married at the time the debt incurred such as IA, NH, MA, AZ, CT, and SC and in most when you get married the "bills of necessity" become the responsibilty of both parties no matter who puts their name on it. However in FL the rules dont apply surviving spouse is not resp. For credit cards it is different that is contractual its whoever is on the contract same with personal loans and student loans and things of that nature.