This is a question many search engine visitors have been asking. It’s one I needed to answer myself, since I wasn’t sure when I got married. Are you responsible for your spouse’s debt?
Yes. And no. It depends on when the debt was incurred and what has been done with it since.
Scenario #1: You’re like me and married someone with credit card debt, car loan, & student loans. If your spouse amassed all the debt before you were legally married, you’re not responsible for that debt. You will be responsible for any future debt.
An important note on this situation, however. There are several ways that you can take on your spouse’s pre-marriage debt:
First, you can become a joint account holder on your spouse’s card, like I did. That gives you all the benefits of their credit history even before you joined, but whatever debts are on that card will become yours as well. It won’t make you responsible for their other debts.
Second, you and/or your spouse may choose to refinance the loan (this could be a mortgage or it could be a student loan consolidation). Even if your spouse doesn’t put your name on it, this almost always counts as a fresh debt (I can’t think of a situation where it wouldn’t). So it’s just like any debts they acquire after the marriage—you’re both responsible.
Edit: Paid Twice has suggested that student loan consolidation may be an exception to this as long as you don’t consolidate the loans together. I’ll have to look into it further because the laws regarding student loans are quite complex. I’ll follow up with a post on the subject if student loans are different on this.
Scenario #2: You’ve been married for a few years (or a few months or 20 years) and you suddenly discover that after the marriage your spouse took out two mortgages on properties s/he wanted to invest in. This was done without your knowledge and your name is not on the mortgage. The bad news: you’re still responsible.
Whatever your spouse does financially while you’re married, you’re responsible for it too. It sucks. At least it does if your spouse has bad judgement or cheats on you financially.
Moving On From There–Who Pays It Off?
Should you help a spouse pay off debt even if you’re not legally responsible for it? I believe that’s a matter for the two of you to work out.
Micah believes that he should be the person who primarily pays off his student loans. I’m not really sure how that works, since we combine our income but I suppose he doesn’t want me to feel responsible for them.
Personally, I’m fine with helping him pay them off since I believe that while they may not have been the best choice, they contributed to something very good. When I occasionally sit in on his lectures or hear him talking about some philosophical concept, I know he’s in exactly the right place. I’m a bit jealous.
A friend’s mother ended up with a fairly large credit card debt. Instead of having her husband pay it off for her (she was a SAHM and he could have), she got a part-time job to pay for it. I think she also appreciated the sanity time and she had generous friends who would watch her kids (and whose kids she watched at other times).
If financial infidelity was involved, it may help rebuild trust to have the “guilty” partner pay back the debt and demonstrate financial responsibility.
But it may better fit a couple’s priorities for their family to pay off the debt from their total income. The spouse who went into debt may be a SAHP or otherwise unpaid and thus not easily able to pay back the debt. The couple may want to just put this all behind them and start over.
In relationships there are few hard and fast answers. I’ve been with Micah for 6 years as of today (and married 1, or 363 days…depending which ceremony you count) and it’s taught both of us a lot about flexibility. And that other people’s answers may not work for us, but that’s ok.
Are you married to someone in debt or the owing partner? What are your feelings on the subject?
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I am getting married in July of 2009. I have quite a bit of credit card debt because I put myself through graduate school. I do not want my soon to be wife to have to worry about the debt so I want to keep it separate. It was my choice to go to school and take on the debt so it should be my burden to pay it off. She has wanted to get on the account with me but I told her no for that specific reason.
After the marriage, if the one spouse takes out a mortgage but claims to be single on the application, the other spouse is not liable for the debt. The creditor knowingly gave credit to the other spouse under the assumption that they were not married.
I once dated a guy who was $10,000K in credit card debt. It made me never want to combine our finances, which made me wonder whether I would want to combine other things as well. I think the key is to look for signs the person is irresponsible with money before getting married.
My wife had a pretty good chunk of credit card debt when I met her – 6 cards maxed out at about 20k total – I was happy to help.
Honestly, I’d think that if you’re married and DON’T help out if you can you may be straining the relationship a bit; but to each their own I reckon! 🙂 Good article.
When I got married 8 years ago, I had $10K in cc debt because I was foolish with money. I paid more than half of it off by working 2 jobs and then with $4K to go, my husband got a side job painting someone’s house for $4K to pay the rest off. For us, it was MY debt because I had done the spending and created the problem. I didn’t want him to help and I think he resented that I had been so silly with money and didn’t want to help for a long time. Then he saw I was serious about paying it off so he helped me get rid of it. Our finances have changed so much since we got married. We’ve tried joint, separate, both working, one working, etc… and I think we’ve finally settled into a place that everything is ours together no matter who spends it, but that came with growing up and becoming more responsible all around when it comes to spending and saving. It would’ve been easier back then if we’d been on the same page and felt united about finances like we do today.
Now that we’re married, we view all the debt as “our” debt. Paying it down is a joint effort. We still refer to it as “Husband’s student loan” or “Wife’s credit card” simply to identify which debt we’re talking about, but getting it paid off is a joint effort. All our money goes in the same account anyway, and, at least for us, trying to figure out how much of whose paycheck is going to what debt is way too much hassle. Any debt repayment money over the minimum amounts goes to the highest-interest amount first. When we got married, DH had more debt than I did, but they may have changed now that I’ve been in school a year. Really, though, it doesn’t matter who has more. It all needs to get paid off.
Honestly, when my husband and I got married he came into the marriage with debt I came into it with none. We were married young, however he is 4 years older than me.
We both pay off his debt and I have debt of my own as well (car loan). We work together at it, instead of seperating it and saying ‘you have to pay this and ill pay this’.
Well, I’m nowhere near getting married, but I feel like I’d want to take care of my student loan debt without a future husband’s help. I guess I kind of want to keep our money separate, but I know that’s not really a good idea…maybe this just shows that I’m not ready for marriage!
Although I’m nowhere near getting married, I do think about this a lot. I have about $14k in student loans, plus the mortgage on my condo, so I’m sure that I’d be the one with the most debt! I think that right now I’m in a place where I would want to pay it off myself and think of the condo as *mine*. I’m obviously not ready for all of the sharing that comes with marriage!! 🙂
I am married to a spouse with debt. I myself have debt also. Like frugal vet tech, ours is labeled just so we know what we are currently snowballing toward. DW CC1, DH CC1, DW CC2, DH Car, DW Car, etc.
The source of these debts don’t matter, as long as we are both on the same page and the same track to eliminating them. It would be nice if since the CCs were hidden from me for quite some time that I would not be responsible for them if something happened to our wedded bliss. However that is irrelevant as nothing will happen. Nice post!
Great article and thanks for the link Mrs. M!
We treat all of our debt as joint debt, even when it’s not. Including our credit card debt when we had it. I’m honestly not sure at this point how much of it was his and how much was mine before we moved it all to one card and paid it off.
To each whatever works for them, though.
i think there is a factual error in the article – I do not think that student loan debt is joint unless you consolidate your loans with your spouse’s loans (which you can do). I consolidated my loans after my spouse and I were married and I don’t think he is liable for them – in fact I asked that directly when i was going through the process and the person who talked to me said only I was liable.
I could be wrong, of course. But it was actually the very reason we didn’t consolidate our loans together into one – if one of us died then we wouldn’t have to pay those loans.
Hopefully for us all that becomes moot sooner rather than later 🙂
I have about $12K in student loans, half of which are at a fairly high interest rate. My husband and I have combined our money, and one of our goals is paying off those loans early. Doing so will save us between $5K-6K in interest. My husband would much rather help me pay them back early and use the savings for something else than wait the eternity it would take me to pay them myself and pay the full amount.
I am relieved that if Micah should die–which God forbid!–you would not be liable for his school loans. I think Micah is right to regard himself as primarily responsible for paying off the loans, but I hope he will accept your help now in order to save interest, a point Lori E. brings up. You both need to continue to look at what is best for the Mr-Mrs. Micah unit, not who incurred what debt.
No debt here, but we keep separate accounts (we started off like that and since we don’t have a mortgage or kids yet, we find it easier).
I guess the key is to talk abut finances, debt or no debts. I can see both point (to help pay out a spouse’s debt… or not) but it’s important not to cheat.
Great article!
When the partner and I got married, or when we started talking about it, we both had $30K each in debt. Mine was student loans and his was on credit cards. He paid down a lot right before we wed, but it was still a pretty high balance. My student loans are on the slow repayment plan and I’m not in a hurry to deal with them. 🙂
For me, it’s now a debt that we both share and it doesn’t really matter if it is his or mine. It impacts our finances just the same and we take whatever steps we can to reduce it. To me, previous debt only matters if a marriage ends and we’re both pretty committed and confident that isn’t anywhere in our future, so it’s just another bill that we have to take care of together.
Mrs M – I think the best advice to anyone who’s husband runs up a lot of debt without their knowledge is to seperate from them – then you can’t be held responsible if your name is not on the debt. Unless they wanted to stay married to them of course.
This is definitely something worth discussing before marriage. When I got married in 2004, my husband had much more debt than I even realized. Good thing I love him so much!
We paid it all off together. We share everything in our life, and believe we make a great team.
Not married yet, but engaged. We keep our finances completely separate and will continue to after marriage. They’re my student loans and it’s his credit card debt. That said, I know what he owes on his debt, and the contents of his 401k plan. He knows how much I owe in student loans. I don’t feel responsible for his stupid money mistakes, and he shouldn’t feel responsible for my education. On the other hand, if someone’s short on cash or needs a short term loan, it’s not a problem. I like to say we’re separate, but supportive. 🙂
I actually wonder what the legal standing is in the UK. It may well be different (we don’t have joint tax liability for example). I must look this up and (of course) write about it.
Oh yeah, Micah should feel responsible for the debt because he ran it up and he’s a good person, and you should feel inclined to pay it off too because otherwise it’ll take forever to do, and you’re a good person too.
My husband and I have frequently tackled this subject over the last 2 years. He came into the marriage with $40k in student loans and $8k in credit cards; I was in the black. He very much wanted to pay off his own debts; he believes he incurred them so he should pay them off.
My feelings on this were quite the opposite; I was marrying him and his past including his debts and we’d be working on them together from then on. I also pointed out that it wouldn’t be fair in the marriage if we lived at different status levels (me with a good amount of disposable income, and him eating PB&J every day).
It took months of talking about it and working it out, but we decided to set financial goals together. We re-financed his credit card debt into my name at 0% interest (knowing that meant it was now my debt) and moved my monthly “savings” money over to credit card & then student loan payments.
Why was I willing to take on his debt? Well, first, because I married himand I think you both need to be on equal footing in the marriage. Second, he’d incurred all of this debt going to school as reasonably as possible. There were no spring break trips to Cancun or thousands of dollars in clothes; this was books and basic living expenses. I’d been lucky enough to have help from my family for those expenses; he just wasn’t as lucky. And finally, because he lived frugally. He wasn’t taking on new debt and lived well below his means.
So how did it all work out? In the last 2 years we’ve paid off $46k in debt (credit cards, student loans, and 2 car payments). In 14 months we will be debt free other than our mortgage! Tackling debt has made our marriage stronger because we have worked together to set goals and achieve them.
Great point, Kelly. When you marry someone it really is the whole package. Including annoying tics and debt. I don’t mind Micah seeing his money as going more to the debt and us as living off mine if he wants to. But like you, I don’t want us living on different status levels.
just stumbled on this post, but it really was interesting and informative! in my (unmarried) house, the general feeling is that our debts are our own, UNTIL one of us has paid off all of our debt. it looks like i will finish first, at which point i’ll simply move my “snowball” over to his student loans (he’s got a super-wrinkly brain to show for his education and i would pay to hear his awesome vocabulary any day!). once we’re done with those, it’ll just head to further our savings. i guess, since we’re both focused on finishing off our debt, the status quo has worked well as a system, but now we’ll adjust when one of us goes “back in black.”
i think it’s sort of like the commenter above; it would be silly for us to ever live at different lifestyle levels! why not pitch in on “our” debt?
as for if we split up, then i know that i willingly paid toward his debt and it’s just a past expense. i sure hope that never happens, but it’s on me to know that he doesn’t “owe” me anything if i help with his expenses, any more than i’d owe him for the mortgage that’s under his name.
I do think that people who marry for love do not enter into marriage with separation in mind. Having said, I also think it’s foolish not to learn from the mistakes that other people make. I cannot foresee the future. I cannot tell if, sometime in the future, I or my husband will become addicted to gambling, alcohol, men/women, shopping, etc. This is why I think that couples should have joint funds as well as individual funds.
Our financial arrangement is like this:
1. We determined our total household expenses (THE). THE = living expenses + joint savings. Living expenses includes money set aside for things that are not daily necessities such as vacations, medical emergencies, magazine subcriptions, etc.
2. If THE = X, then we determine how much each would contribute to the joint coffers based on how much each is earning. Let’s say I earn more. A %age distribution could be my spouse contributing 35% of the THE and me contributing 65%.
3. What’s left of our salaries, after those contributions are paid, go to our individual accounts. Those individual accounts are for each person’s non-communal expenses. I use it when I want to buy him gifts, splurge on clothes for me, etc., etc. Each spouse also uses their own individual accounts to pay for debts incurred before the marriage. If one spouse wants to help the other pay off the other spouse’s debt, then that spouse can transfer funds from his/her individual account to the other spouse’s individual account. Each spouse can also choose to transfer funds from their individual accounts to the joint funds.
I contribute to paying my spouse’s student loans. I wouldn’t feel obliged to contribute to paying someone’s else’s gambling debts.
I like this arrangement because it makes sure there’s always a backup in case one of the spouses goes “bad.” I’m sure some would think “How could you have so little faith? How could you not know your husband/wife?” I’ve worked with enough battered women as a volunteer that I know it’s not always possible to know when a spouse is already addicted to some vice. Keeping individual accounts assures that a family doesn’t go hungry when one of the spouses empties the joint funds.
Hi my name is Emily. Ive been married for 7 months now and I was wondering my husband had electric through progress energy and I didn’t even know him then. Well for the past 7 months they have called me every single day wanting me to pay the bill. Now it is on my cerdit as well on my husbands how do I go about getting that off my credit.
Emily,
How did it get on your credit in the first place, do you know?
Hi. I married my husband in the beginning 2008 after 2 years of dating. He told me he had debt soon after he met. He lost €30,000 on company shares. He took out a 5 years loan to pay for those shares.
In November 2008 I found out that he had amassed €55,000 worth of debt in total (the rest was credit card debt and over draft). He had been missing payments since June of 2008. I used my savings and the wedding money to pay off €8000 of credit card debt. My husband had taken out a loan for the rest of the credit card debt. I took on the burden of all the bills and groceries so he could work on his overdraft and make his loan payments. No he has lost his job and I am paying off his debts. I am very depressed at the moment because my husband does not seem to appreciate that sacrifices I have made to help him over the past year. He won’t even let me use his computer or laptop even though I am paying off the loan he took out for the laptop. This summer, I found out that he only took out the 5 year loan for the €30,000 in 2007 after I met him. So we are two and a half years away from paying his debt off instead of one year. I am very angry with my husband at the moment. I have invested so much of my time and energy into getting rid of this debt. I can’t afford to pay them for much longer and my husband is had a over-draft again before he lost his job. I don’t understand where his money went. He earned much more than me. We don’t even have a house. The only reason I am still helping my husband now is because I fear for my sons future financial security and well being.
@Sadmon
If you want to save your marriage, it’s going to take a lot of work on both sides. PLEASE find a good, good couples counselor. Go alone if you have to. In fact, go even if you don’t want to save this marriage because you need to figure out how you got here in the first place so it’ll never, ever happen again. (Sad to say, but I’ve seen women fall again and again for guys like that who use them.)
But also, reconsider if enabling your husband is really going to help your son’s financial security. Your husband is bleeding you dry and you need to be there for your son. It sounds like you need to protect what assets you have that remain, even if that means that your husband has to suffer some consequences for his actions. And I’d definitely reconsidering paying off his computer — and other things — if he’s going to be such an unappreciative jerk.
I am not planning on giving up on my marriage. He was very emotionally supportive before his debt spiraled out of control. I have just hit a wall. I have contacted a local debt advice agency and I have also contacted a relationship counselor. Just wish my husband would take on some of this burden.
10K, 12K, 20K…It’s a lot of money but is still chump change compared to what I experienced with my girlfriend. Imagine a lifetime debt that 2 people making “good” money could never pay off! I mean never! If the debt is like you all say, stick it out! That’s what married couples do! So long as you want to be in the marriage!
Do not take on any joint debt with anyone in deep debt. Mr. lovie dovie nice guy will be screwed for a long time!
am i responsable for my wifes credit card debt if i have no control on the accounts my name is not on the cards
Hi, I have amassed debt even more so since I was laid off in December 2008. My spouse did not support me when this happened and pressured me to pursure a high paying career that I had no experience in. I worked hard selling things we owned and earned almost 4k. I had to pay medical bills and over 1k in fees for our rental home, but he thinks I wasted that money. We had debt before I was laid off and and it just keeps getting worse. I started working again in July 2009 and now I am working three part time jobs and still selling whatever I can, but it’s not enough. I have 3 children and they see all that happens. Daddy is drinking more and being verbally abusive and sometimes even a little physical. I want a chance to try to fix the wrong that I did, but he keeps rubbing my face in it and calling me such horrible things whether he is sober or drunk. At this point I just want my children to be safe and I wonder if it’s a matter of time before he hurts one of us as angry as this makes him. Bottom line I know what I did and I’m trying, but if need be then I will do what needs to be done for the sake of the kiddos.
My wife moved out of my house and moved into an apt. My name was not on her lease or any other bill she accumilated while living in her apt. We have since divorced but recently I received an extra $900 on top of my $150 power bill. i called the power company (NV Energy) and they said it was an unpaid power bill of my wife and since we were married at the time it’s community property even though I was not on the lease or on the power bill at her address. Can I fight this? It doesn’t seem right at all to me. She has since moved out of state and will not pay it. If I don’t pay it they will shut off my power. I’m so furious!
my husband and i are getting a divorce, therefore, i have accumalated alot of debt with credit cards . he says he wont be responsible ,per what his lawyer told him. is this true or not. i didnt have credit cards til after marriage and bought everything on credit . we used to pay bills together then i wanted my own account ,then he said he was done helping me pay on my cards..so, will he win with this case about not being responsible for half of my debt ?
as for the last poster,,, if you are in a community property state,, he will be responsible.
this article is only accurate for community property states, period.
I live in oregon,, which is not! my wife has been on a spending spree,, new cars, loans, furniture, credit cards etc…
i do not own any credit cards or have any loans, nor do we have any in both names. i honestly don’t know how she got the credit… oh yeah,, while she was controlling my income, she does not work,, the bills were always behind,, because she was paying on these credit cards and stuff i did not have knowledge of,,, all while my credit went down the tube.. then she would yell at me for spending a dollar… and tell me to get back to work if i didn’t like it! i am a disabled veteran by the way.
so, recently she got upset with me, wanted a divorce and said ” that’s ok, you’ll have to pay for my debts”….
i told her she has a lesson to learn,, because i am not responsible for any debt that is solely in her name… and they all are.. that is what all the lawyers here tell me.
good luck…. and,, as far as i am concerned , if you are the one to make those purchases,, then you need to be responsible for them
Beware of the power of attorney. This is a legal document that appoints an agent to act for the signer as if he or she was the actual person. These documents can be certified by a notary public and those signatures can be forged. This is how some women get to their husband’s bank and credit accounts.
i have a couple of questions. first i went to college,signthe checks back over to the school.my than husband decided he wanted to go with out my knowing the school put him on under my account and with out my consent.am i respnsible for that iwent to collge but i never gradutaed.
My Father was told he had dementia and his wife of 21 years abandoned him and I had to put him in a nursing home. They are not legally seperated . We live in South Carolina Who is responsible for his bills ? He made me power of attorney for his health, Am i responsible for his credit card bills, medical bills and etc. since they are still married?
It would be great to have a dating website to match those in debt with those who want to help out. Note: Website membership fees go toward the side that wants to help out.
My husband bought a property which is now in short sale (the propoerty was only in his name) but the short sale includes me (We were told by the lawyers that this is State of Michigan Law). Will this affect my credit score?
My brother has a wife who is a bit of a shopaholic. He is OK helping her pay off the debt up to today. Is there a way he can make sure that he is not responsible for any new debt that she incurs? I occasionally see announcements in the paper saying, “I, John Doe, am no longer responsibe for any new debt incurred by Jane Doe.” Do these protect you from repayment obligation?
My husband and I have been married for 25 years. In 2005 I went back to school part/ time and over the next 5 years I incurred in a debt of $20,000 with the bank. We have a line of credit together and make monthly payments to it every month. However my husband believes that the $20,000 debt is my sole responsibility despite the fact that during those years he was a full time employee and I was not. The $20,000 is the accummulation of 50% of the expenses even despite the fact that I only worked 12 hours a week at that time. Is it fair that I have to pay for that loan by myself?
Whoever wrote this must have no legal training whatsoever. If you don’t sign it or go into something jointly, you aren’t responsible. The author should have his/her keyboard taken away!
(FYI, it also depends on what state you are in)
recently used $17,000+ to pay off a serious girlfriends college fed loan loan. We have recently, or more accurately , I have inherited a large amount of money. The power struggle has now been her recent inheritance of roughly $21,000 after taxes. How much more did i pay after taxes instead of what would have been her taxes. Email me for more accurate variables if you want to solve our problem.
I am happy to help pay off my husbands debt but not when he is giving me the silent treatment and does not have any respect for me. It makes me so angry. Sometimes I feel like giving up this marriage altogether and let him suffer. But I guess I am a forgiving kind of person. Furthermore I can’t go ahead and do what I want because I am always thinking of how to pay off his debt..
Hi
I took a personal loan from a bank using my payslip as credit information .I am married in community of property
With the loan agreement comes an insurance .
Had i passed on my wife would have being responsible for the payment of debth .
is my wife also covered by the insurnce
Who is responsible for a husband’s auto loan and credit card debt that he took with his girlfriend while being still married. There is no his wife’s name on the aforementioned debts. These debts were made out of her knowledge. His girlfriend and he jointly entered the loan and opened the credit. In a case of divorce, can his wife being kept responsible for the debts although she has never enjoyed any benefits from the loan/credit card.
My wife just recently enrolled in college and they used all my information to enlist her and she now has 15k in debt to pay back. They efiled and used e signatures for my name without my knowing. The college did all of this without my permission or knowledge and now her loans are attached to my name, illegally in my view. Is what they did even legal and can I fight it or even press charges because of this whole situation?
I got married to a man that him and his first wife had made a big bill on credit card .She had insurance on it ,she died it only paid half of it .He took a loan out to pay this bill.He died do I have to pay this loan or bill .It was made before I knew the man .Now they say I have to pay it .
Good day everybody my name is Nelson Mac am from Sweden but i live in United State San Antonio Texas few years back i was financially strained i rushed to my bank to apply for a loan to start up my business but i was denied by my bank because of my credit score and they could not help and due to my desperation i was scammed by several online lenders who promised to help me but at the end i was scam i lost my money and my hope because i was so frustrated, One day when i was going through the internet again i found one lender call Mr Larry Scott i thought to give it a try one more time to my biggest surprise he was able to lend me a secure loan totally the amount of $200,0000 for the first time in my life i realize that there are few lender who don’t scam people his name is Mr Larry Scott i will advice any body that are in need of loan to contact him with his Email ([email protected]) he can be able to help you because he was a God sent to me this year and i will never forget him for the help he render to me.
God bless him
Nelson Mac
I had a problem with my fiance 3 months ago,which lead us apart. When he broke up with me,I was no longer myself,i dont know what to do,I feel my life has come to an end, So I went for advice online and i saw so good comment about a spell caster named Robinson buckler, how he help couples to solve their relationship and marriage issues. I email the spell caster on the email which was provided in the comments ([email protected] com ) and I explain my problem to him and I did what he asked me, Before I knew what happened, after 24 hours, my fiance gave me a call and he came back to me and beg for forgiveness, I’m so grateful to these spell caster and i will not stop publishing his name on the internet just for the good work he did for me.If you need his help,you can email Robinson.buckler….
HELP!!!! So I have been engaged for 6 years with my fiancé for 7 years and we now have 2 children together. I have always been under the assumption well word of mouth from others really that if I get married to my fiancé that the college loans he acquired before we even got together would become my problem and when we filed taxes I would lose all of mine as well to pay for his student loans. Is that true and How do I avoid losing all my tax money if we ever get married?
I have quite a different problem. Without any warning, my wife of 8 years deserted me, took money from the joint account, withdrawn all financial support, and we have many loans together. I know where she works, her phone numbers and e-mail, and she never answers. She had a very good paying job, I have a retirement check. She took the car under lien. Bank says I still have to pay for it and have been for the last 3 months. Also paying the mortgage and all bills.
Her refusal to communicate, go to counseling — cooperation at all. Our monthly deposits over $6500 a month. Now I have less than $2800 to pay for her, the house, everything.
When my husband and I were married I had no idea how much debt he had. I don’t think he did either. His ex wife was doing his books for years. She took out 20 credit cards in his name with all mail going to her house. After we were married I discovered something wasn’t right. I put in a change of address and started to discover he’s in debt about $50,000 and to top it off, she messed up our taxes to the tune of $150,000. I have found out that if my husband dies (he’s 69 and still working) I will be left with this mess.
I have been with my husband 10 years (married 7). He is a farmer and since our marriage, has gotten himself 2 million+ dollars in debt and lawsuits/judgements are consuming us. I had no clue he had these debts and he always acted (and spent money) as though we were flowing in it. My mother is not well, and my concern was, could my inheritance be taken from me to go towards my husbands indebtedness. Apparently, the answer is yes 🙁
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