My husband has terminal cancer and has been given 4 months to live. Am I responsible for debts that do not have my name on the accounts (such as medical bills, personal loans, and mortgages).
2007-07-05 15:58:48 · 6 answers · asked by S Knittel 1 in Business & Finance ➔ Credit
If it's a community property state then yes. However, I don't see how this is enforceable if your name isn't on the contract(s).
2007-07-05 18:46:49 · answer #1 · answered by bundysmom 6 · 0⤊ 0⤋
Were you a co-signer on any of the loans? If you were not, then you are not legally responsible. However, some loan providers will try to intimidate you since you are the spouse. Stick to the law and you will be alright. When my wife passed away, I did pay off some of her individual debts out of a moral sense, not a legal sense.
2016-05-19 03:33:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Those debts will be paid from his estate.
Anything left in his estate will be divided by the will & probate.
If the estate does not cover the debt, you are only responsible if it is a joint account.
2007-07-05 16:03:56 · answer #3 · answered by PersonalFreedom 4 · 3⤊ 0⤋
If your name not on this accounts, you are absolutely not responsible for any of them,When you start getting statement or collection calls, just send them a d..... certificate.
I'm very sorry about your husband.
2007-07-05 16:33:47 · answer #4 · answered by reality 6 · 0⤊ 0⤋
Yes. As his wife, you are his next of kin. I think the only way this is different is if he left a will giving everything to someone else. In that case, I think that person also inherits his debt.
2007-07-05 16:11:04 · answer #5 · answered by bosslady508 3 · 0⤊ 2⤋
In the US , if you are legally wed , you share all assets and liabilities (debts) .
Other countries , I don't know .
2007-07-05 16:04:45 · answer #6 · answered by kate 7 · 0⤊ 2⤋