Tag: community property

January 10, 2025 Off

Surviving Spouses & Debt: What You Need to Know

By The Admiral Staff

Whether you’re responsible for your separated husband’s debt depends on your state’s laws (community property vs. common law), whether you’re legally separated, and if your name is on any accounts. Generally, in most states, you are not responsible for debt solely in his name. However, you are responsible for any joint debt where your name appears, like a mortgage or credit card. It’s recommended to check your credit report and take steps to remove yourself from any shared financial

June 6, 2024 Off

Widowhood & Debt: What Happens to Credit Card Debt After Death

By The Admiral Staff

Generally, if you’re not listed on your husband’s credit cards, you won’t be responsible for the debt if he dies. However, if you live in a community property state (Arizona, California, Idaho, Louisiana, New Mexico, Nevada, Texas, Washington, Wisconsin), debt acquired during the marriage may be jointly responsible. It’s crucial to consult a lawyer regarding your joint home ownership and wills to protect your equity, as unusual arrangements could impact debt repayment from the home’