Who pays for legal separation?
Who pays for legal separation?
The law gives people in divorce, legal separation or annulment cases the right to ask the judge to order one side to pay the other side’s lawyer’s fees (attorney’s fees) and costs.
Is husband responsible for wife’s credit card debt?
In common law states, you’re usually only liable for credit card debt if the obligation is in your name. This means that if the credit card is only in your spouse’s name, you are typically not liable for that debt.
When you get married do you inherit your spouse’s debt?
People probably get tripped up on this myth because in certain circumstances, you may be responsible for debt your partner incurs during the marriage. In general though, no, you’re not legally responsible for your new spouse’s old debt.
Does credit card debt die with you?
Credit card debt doesn’t follow you to the grave; it lives on and is either paid off through estate assets or becomes the joint account holder’s or co-signers’ responsibility.
Does your spouse’s credit score affect yours?
Fortunately, your spouse’s past credit history has no impact on your credit profile. Only when you open a joint account will any information be shared on both of your credit reports. However, when you want to buy a home together, your spouse’s negative credit history could impact your mortgage rates.
