If I were to marry my boyfriend am I responsible for his debt that was encurred before me? If people sue him can they attack my bank accounts if his name isn't on them? What about the IRS?
2007-03-24 14:25:23 · 12 answers · asked by stepande 2 in Business & Finance ➔ Credit
Not as long as you keep everything separate. Do not apply for or open any joint accounts.
2007-03-24 14:29:53 · answer #1 · answered by Ti 7 · 1⤊ 0⤋
Legally, no.
But in practical terms, yes in a way. If he repays the debts while married to you, that's money that you both don't have to use for things. Like if he owes the IRS $25,000 from before he married you and then the IRS starts seizing his bank accounts, well, you guys are just SOL then. Are you going to evict your husband because he can't contribute? No, probably not, so your household will then be $25,000 poorer.
2007-03-24 16:05:13 · answer #2 · answered by Msknowitall 3 · 3⤊ 0⤋
I am not sure about all debts but I can guarantee you that the IRS will ATTEMPT to come after you. They did that to me. They could not touch my retirement, or personal funds, however they threatened to go after my wages for my husband's debt that occurred before we even met. Oh and let me warn you that the IRS's interest is no joke either. I watched a $4000 debt turn into $50,000.
2007-03-25 18:51:04 · answer #3 · answered by Jada515 3 · 0⤊ 0⤋
The answer is .......No. Any debts he created before marriage are his alone. It's never a good idea to bring alot of debt into a marriage. You are not responsible for his debt but you will certainly feel the wieght of it when you get married. Not a great way to start a life together.
2007-03-24 14:43:09 · answer #4 · answered by JD 2 · 1⤊ 0⤋
Make sure he doesn't want to marry you so you can get him out of debt. I've seen this happen several times. I would hold off on marrying him until it's all paid up. If he doesn't agree to that then I think I would lose him. If he doesn't love you enough to do that then whatelse will he "not" do???
2007-03-25 16:38:07 · answer #5 · answered by beth102965 1 · 0⤊ 0⤋
you are not responsible but you have to go through a bunch of crap and paper work to prove it
always have your own account
no they can not attack your accounts if the bills were acquired before you were married but good luck again
it seems that they can do things first then you have to fight to straighten them out even if you are right from the beginning!
2007-03-24 14:35:09 · answer #6 · answered by leroux3s 3 · 0⤊ 0⤋
Wow!
I'ts not often that you find a woman willing to ruin her own FICO score and financial stability over a trifling man.
However, I just have to watch in wonderment because the entertainment is free.
2007-03-24 19:27:52 · answer #7 · answered by DaMan 5 · 0⤊ 0⤋
Yes. When you marry, you marry "for better or worse,"means you take on his debts too. Don't file anything jointly.
2007-03-24 14:36:59 · answer #8 · answered by buckskinbabydoll♥ 4 · 0⤊ 1⤋
Do seperate everything..
bank account..file seperate taxes..
Wait untill you are both secure to join together finaccially.
2007-03-24 14:32:45 · answer #9 · answered by Amy 2 · 0⤊ 0⤋
Try to keep finances separate and always have records of who pays what.
2007-03-24 15:45:30 · answer #10 · answered by mayaprincess68 2 · 0⤊ 0⤋