Are you responsible for your spouses debt?

Are you responsible for your spouses debt?

The simple answer to this is no, you are not legally liable for your spouse’s debt, strictly because you are married to him/her. Generally speaking, in order for a person to be liable for a debt they must have signed the loan agreement establishing the credit facility.

Is spouse responsible for credit card debt after divorce?

When you get a divorce, you are still responsible for any debt in your name. That means that if you and your spouse had a joint credit card, you are just as liable for that debt as your spouse.

Do you lose alimony if you remarry?

Yes. The obligation to pay future alimony is terminated when the supported spouse remarries. The paying spouse may stop payments immediately, without a court order ending alimony.

Do you get your husband’s pension if he dies?

Defined benefit pensions most schemes will pay out a lump sum that is typically two or four times their salary. if the person who died was under age 75, this lump sum is tax-free. this type of pension usually also pays a taxable ‘survivor’s pension’ to the deceased’s spouse, civil partner or dependent child.