Yes, Wisconsin is a "marital property" state. This means that both the husband and wife "own" assets AND debt jointly.
No
In most cases, yes, they will be responsible. They are considered to have benefited from the goods and services.
She is not directly responsible. The estate is going to be responsible. And since she will likely be getting the bulk of the estate, paying off the debt will reduce her amount.
She is not directly responsible. The estate is going to be responsible. And since she will likely be getting the bulk of the estate, paying off the debt will reduce her amount.
If the card is in his name, only, there may be an out. You will need to get legal help.
I'm not trying to be funny, but if you were married (legally) to him at the time of death, yes - who else would be responsible for it?
While the estate has primary responsibility, in most cases the debtors can hold the wife responsible. They are deemed to have benefited from to goods and services.
The wife is not directly responsible unless she is on the contract. Most Canadian courts would rule that the spouse benefits from the debts and can be held responsible. The estate has to pay the debts before she can inherit anything.
No i don't think so because its in your name. i wont really know but that's what i think any way
A married couple share responsibility for all debts. If he is deceased, the estate will have to resolve the debt before she can receive her inheritance.
The husbands estate is responsible, but not the wife directly. The amount of the husbands debt will be subtracted from his assets after his death. His wife will usually inherit what is left, unless the husband left other instructions in his will (ie leave everything to charity). If the husband dies and his debt is larger than his assets, then the creditors usually lose the difference. This is all handled through probate court, and a judge can choose who gets what.
Yes, if you share assets then the credit companies will consider you responsible and come after you for the unpaid debt. You may consult a credit councelor, they may have a loophole that the general public doesn't know about.