Can you be responsible for a spouse's debts?

Answer On One Hand: Romance and FinanceWhen couples get married, they often look forward to sharing many things together. Unfortunately, a huge amount of debt or accumulated debt during the marriage is no... Read More »

Top Q&A For: Can you be responsible for a spouse's debts

Are heirs responsible for debts?

On One Hand: Heirs Not Responsible for DebtIf an individual dies in debt his family members cannot be required to pay any of his debt with their own money. Debt is not transferred to family unless ... Read More »

Am I Responsible for My Deceased Husband's Debts?

Handling the debts of a deceased spouse can be tricky. A few accounts, such as federally governed employer-sponsored retirement plans, 401k plans, 403b plans and traditional benefits plans are cove... Read More »

Are parents responsible for children's debts?

On One Hand: Becoming Finanically InvolvedParents are only required to pay the debts for which they have co-signed or co-borrowed with the child. This includes student loans that parents borrowed o... Read More »

Who is responsible for the debts of a deceased individual?

Generally, the executor of a deceased individual's estate is responsible for paying off any debts left by that person using funds from the individual's estate. Debts that are not held jointly by o... Read More »