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Is the surviving spouse liable for the deceased spouse's debt if their name is not on the account?
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.
Is debt shared when married?
In most cases, debt incurred before marriage remains the responsibility of the individual who incurred it. However, debt acquired during marriage may be considered shared, depending on the laws of the state and how the debt was acquired.
In Florida is a spouse responsible for credit card debt that is solely incurred by the other spouse?
No. Florida like several other states treat marital debts as being separate when they are not jointly incurred.
In Texas is a spouse responsible for credit card debt that is solely incurred by the other spouse under a credit card which was issued prior to the marriage?
Yes. STATED BY AUTHOR
What does third world debt?
Third World debt is external debt incurred by Third World countries. Third World debt is external debt incurred by Third World countries.
Is a surviving spouse in AR responsible for credit card debt that their name is not on?
In Arkansas, a surviving spouse is generally not responsible for credit card debt that is solely in the deceased spouse's name, unless they co-signed or guaranteed the debt. However, if the debt was incurred during the marriage and is considered community debt, the surviving spouse might have some responsibility depending on the circumstances. It's important to consult with a legal expert for specific advice related to individual situations.
If you die in Tennessee with credit card debt in your name will your spouse be obligated to repay the debt?
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.
What is the debt incurred by Obama?
$15,000,000
Are you responsible for a debt incurred by your ex-husband on a credit card in your name in Ohio?
The person who is the account holder is responsible for the debt unless it can be proven the debt was fraudulently incurred.
How do you use incurred in a sentence?
The entrepreneur incurred a large debt among his investors.
IS A SPOUSE RESPONSIBLE FOR A DEBT IN THE STATE OF IOWA?
In Iowa, whether a spouse is responsible for a debt typically depends on how the debt was incurred. Generally, if a debt is in one spouse's name alone and was not incurred for joint purposes, the other spouse is not liable. However, debts incurred during the marriage for joint necessities may be considered marital debts, making both spouses responsible. It’s advisable to consult with a legal expert for specific situations.
Is there any way to not be responsible for debt incurred by your spouse but yet stay married?
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.
