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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.
What is the average savings balance of a 48 year old married couple?
it is approx 35k
Average savings balance for a 50 year old married couple?
The average 401K savings balance for a 50 year old married couple is about $480,500 on the low end and about $1.2 million on the high end. This is after working and saving for 28 years.
What is the average debt for a 22-29 year old?
Average debt is 16,120
What is the standard deduction for a married couple?
The standard deduction for a married couple filing jointly in 2021 is 25,100.
Husband dies and leaves debt but no assets who pays?
A married couple is seen as a economic unit, so to speak. So the widow is responsible for the debt.
What is the average amount of financial aid a married couple can get?
1000
Average age of a newly married couple in the US?
it is 25 to 30
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.
Is an authorized user on a credit card liable for the debt?
No. The only exception would be a married couple residing in a community property state.
What is the average savings balance of a 48 year old married couple?
it is approx 35k
If a credit card is solely in the name of a deceased wife is the husband responsible for the debt?
Only if the married couple resided in a community property state.
How can a unmarried couple get out of mortage debt?
How can a unmarried couple who have split up get out of mortage and credit card debt.
Average savings balance for a 50 year old married couple?
The average 401K savings balance for a 50 year old married couple is about $480,500 on the low end and about $1.2 million on the high end. This is after working and saving for 28 years.
Is a wife responsible for the debt of her husband while being married if her name is not on any of these debts in Alabama?
Yes. It is almost universal that a married couple share equal ownership of all assets and liabilities.
If the credit card company sues a person that's dead is the family responsible for the debt?
If the account was not joint, and the person was either not married or was married and did not live in a community property state, the debt becomes part of the estate and is subject to state probate procedures. Joint account debt becomes the responsibility of the surviving account holder. Debt incurred by a married couple that lived in a community property state, regardless of a joint or single account, becomes the responsibility of the surviving spouse.
If your ex filed for bankruptcy before you divorced and you were an authorized user on his credit card are you liable for the debt?
Only if the married couple lived in a community property state.
