if you are married and your spouse has everything in their name, the house , vehicles, loans etc. and they die is the remaining spouse liable for paying off the debts..
2006-11-11 02:58:28 · 4 answers · asked by raven1 3 in Business & Finance ➔ Personal Finance
Depends on which state you live in. Usually the states that have co joined property will also have co joined debt.
2006-11-11 03:03:04 · answer #1 · answered by yodeladyhoo 5 · 1⤊ 0⤋
In the case of the house and vehicles, I think yes. But, really, if you are enjoying the benefits of the items for which the debt was incurred, don't you feel some responsibility to pay them???
2006-11-11 11:07:43 · answer #2 · answered by snvffy 7 · 0⤊ 0⤋
yes the spouse is responsible for the debts...thing i think its stupid because if thats that way then how come if the spouse dies and the have money left...why doesnt it go to the wife as well?
2006-11-11 11:08:33 · answer #3 · answered by ap 2 · 0⤊ 0⤋
It depends on the laws in your state. If you are not on any of the notes, I do not see that you would be responsible for the debt, but you have to check with your state laws.
2006-11-11 11:09:24 · answer #4 · answered by Mrs. Jackson 3 · 0⤊ 0⤋