2016

  • Two Ways You May Get Stuck Paying Your Spouse's Debt In The Divorce

    When you get a divorce, the last thing you want is to get stuck paying debts your spouse incurred during the marriage. However, if you live in a community property state, that's exactly what may happen, even if your name isn't on any of the accounts. Here are two ways this situation can occur and what you can do to prevent it. Debt Incurred for Family Needs In states where community property laws govern marital assets and debts, both spouses can be held responsible for paying debts incurred during the marriage while they are together.
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