2006-07-05 14:42:42 · 9 answers · asked by Richie K 1 in Business & Finance ➔ Personal Finance
Yes it is. I hold my breath everyday as my husband works in a very dangerous field. Almost everything is in his name, LOL except the stupid boat! Anyway, it'll be my problem if something should happen to him, as well as sorting out all the title info. I hold my breath and have a puptent just in case I need it.
2006-07-05 14:48:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
"Unsecured" debts? Have you been gambling? How does one get enough "unsecured debts" to be concerned about? Whoever holds the IOU's knows his best chance of collecting is from you, not your heirs.
2006-07-05 22:12:30 · answer #2 · answered by PanamaJack 2 · 0⤊ 0⤋
Yes she will be responsible for all the bills.That's what happens when you get married.Unless you incorporate a Family Limited Partnership and transfer all assets to a company name.Seek a sm busisness attorney.
Good Luck.
2006-07-05 21:49:57 · answer #3 · answered by innovativeinvest@sbcglobal.net 2 · 0⤊ 0⤋
The law is different in every country.
In UK the loan is on you only. Also even if your marital home is in your sole name and you put it up as security, they can not take it from you, because your wife is presumed to have an interest in it and they should have asked her to sign. So it depends on which country you live in.
2006-07-05 22:03:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋
debts are not transferable...they may sell all ur assets after ur death and claim back the money or write off if there's nothing left.
2006-07-05 21:46:43 · answer #5 · answered by midas 3 · 0⤊ 0⤋
If you are married, your debt =her debt. Doesn't matter which of your names is on it, it is both of your debt if you are married
2006-07-05 21:46:35 · answer #6 · answered by Mary K 4 · 0⤊ 0⤋
depends on your state - ask a lawyer. Most have free consults.
2006-07-06 10:37:13 · answer #7 · answered by homeschoolmom 5 · 0⤊ 0⤋
no, but you can change that if you want to. get an attorney and ask how its done.
2006-07-05 21:52:58 · answer #8 · answered by cmac 3 · 0⤊ 0⤋
no
2006-07-05 21:46:30 · answer #9 · answered by Guy R 3 · 0⤊ 0⤋