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Will I be responsible for my husband's debt if he passes away?

Full question:

My husband is terminally ill. Will I be responsible for debt in his name only when he dies?

Answer:

When one person dies leaving debt, their spouse may be subjected to having jointly owned property levied upon.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

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FAQs

To avoid being responsible for your spouse's debt, ensure that debts are in your spouse's name only and not jointly held. Additionally, consider keeping your finances separate and not co-signing loans or credit accounts. In community property states, debts incurred during the marriage may be shared, so it's essential to understand your state's laws.

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