Archive for February 4th, 2009

Inheriting Spouse’s Debts

Wednesday, February 4th, 2009

My question is about each married individuals responsibilities in case of the death of the other. I will use my husband and I as an example.  We have separate bank accounts, separate loans, separate credit cards except for our heating utility company. Our marriage is the second for each of us. While I have established a very good credit history, my current husband has bad credit.  Will I be responsible for paying off his debts if he should die first? I have NEVER used his credit cards and my name is not on any accounts of his. Our cars are also only listed in his name or mine. Nancy

Professional carpet cleaning is a must before open house!

Wednesday, February 4th, 2009
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