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No. Debts incurred before the marriage belong to the individual, those made jointly during a marriage belong to both. Married couples who reside in a community property state are generally held accountable for debts made during the marriage regardless of which spouse actually incurred the debt(s). (Texas and Wisconsin do not treat all marital debt in the same manner as do the other community property states).
Unless there was a prenumptual agreement, half if you decide to divorce. However the damage to the credit rating would be limited to the account holder(s) linked to the accounts. * In the US married couples only share credit history when it pertains to jointly held debts. If the married couple reside in a community property state both parties are responsible for any debts incurred during the marriage and both share equally in any assets acquired during the marriage. If the married couple do not reside in a CP state neither spouse is responsible for the a debt that is solely incurred by the other spouse. In states that allow Tenancy By The Entirety property, said property cannot be attached by creditors when only one spouse is the debtor.
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.
This is a matter of state law. It depends where you live.
In a community property state, generally, yes.
In a separate property state, generally, no.
Other facts that would be necessary to answer this question, depending on the situation are: When were the student loans incurred? Prior to marriage? During marriage? When are you guaging financial responsibility? During marriage? After one spouse's death? After divorce?
IF his student loans accumulated before the marriage, no you will not have to pay for them. However, if it is something that he did while you were married the court may see it as him provding for the two of you and you may be responsible for a share. I would contact an attorney and discuss when the student loans came to be and what you can do to get out of paying.
If she incurred within the bounds of the marriage (after you were married). Then yes you are responsible. If they were incurred before then no you are not.
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Are you responsible for a credit card debt from dead spouse in North Carolina?
In most cases they will be held responsible. The spouse is considered to have benefited from the debt.
Spouse responsible for spouse debt in ga?
In Georgia in most cases they will be held responsible. They are deemed to have benefited from to goods and services.
Can a spouse be held responsible for wife's premarital credit card debt in NJ?
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
Is the husband respoNsible for spouse credit card debt if the spouse has passed away?
Debts of the spouse are considered to have benefited both of them. He can be held responsible for the debts.
Is a spouse responsible for living spouses debt if they are not listed on the accounts?
They are typically going to be held responsible. The debt is used to buy goods and services. The spouse is considered to have benefited from these debts.
Can a person be held responsible for a debt owned by a deceased spouse in Virginia?
It depends on the type of debt. The estate is going to be responsible for the debt in most cases. Which means it has to be paid before the spouse can take anything from the estate.
Is wife responsible for husband debt in Maryland?
Normally the spouse is held liable for the debt. The presumption is that they benefited by the goods and services.
Are you responsible for a debt your husband incured from co signing someone?
Yes, you can be held responsible for it. The spouse is considered to have benefited from the agreement.
In the state of Michigan if the surviving spouse is additional user on a credit card of the deceased will the surviving spouse need to pay the debt?
The estate will be held responsible. Given that the spouse was a card user, they can also be held responsible if the estate doesn't resolve the issue.
Is a surviving spouse responsible in Oklahoma for Credit card debt of the deceased spouse if the living spouse never signed and document?
In Oklahoma, the deceased's estate is responsible. The spouse can be held as a beneficiary of the costs and by inheriting less from the estate.
If surviving spouse is insolvent is she responsible for credit card debt in Arizona a communty property state if her name was not on credit card and she never used credit card?
The estate is primarily responsible. However, a spouse is normally considered to benefit from such debt and can be held responsible.
Who is responsible for credit card debt when the cardholder dies in Ontario?
The estate of the cardholder. Anyone else named on the card, or the spouse, could be held responsible.
