Am I Responsible for the Debts of My Spouse?
Click the play button or choose another video on the right.
 
Bookmark and Share
 
 
 

 

Most states have laws that a spouse is responsible for both spouses' 'necessities' of life. What constitutes a necessity can vary, but generally it is interpreted to mean shelter, food, and health care. Sometimes couples will keep separate accounts. However, these accounts will remain subject to obligations for 'necessities'.

You are generally not considered responsible for a spouse's debt, if the debt was incurred prior to your marriage. Individuals contemplating marriage may have accumulated substantial assets, debts, or have responsibilities for children from a prior marriage.

A Prenuptial Agreement can be very useful in identifying how each of you will handle these prior obligations, and obligations that may be incurred during the marriage, and upon the death of one spouse or divorce.


Create a Free Prenuptual Agreement


Start your legal document now.


This content is for information only and may be incomplete. It is not intended to be legal or tax advice.
You are encouraged to consult with your own attorney, accountant or other advisor.




 
     
Click to verify BBB accreditation and to see a BBB report.

ABOUT SSL CERTIFICATES
 
Terms & Conditions   Privacy   Copyright © 2009 LexisNexis, a division of Reed Elsevier Inc. All rights reserved.
Copyright 2010 Rocket Lawyer Incorporated | Privacy Policy / Statement
RocketLawyer.com™ provides information and software only. This site is not a "lawyer referral service" and does not
provide or participate in any legal representation. Use of RocketLawyer.com is subject to our Terms and Conditions.