How do I protect myself from my fiance’s bad financial situation after we get married?
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How do I protect myself from my fiance’s bad financial situation after we get married?
My fiance and I are scheduled to get married in 3 months and she recently found out that her situation is worse than she thought. We really to love and care for each other and she is willing to do a prenup. However, if we did that and kept all finances separate from each other (checking, savings, bills, credit cards, etc.), can her situation still drain my credit and can her creditors come after me if she gets behind again? Also, we currently rent and have no plans to buy a home or cars in the next couple of years either.
Asked on July 25, 2012 under Family Law, Minnesota
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
So long as you do not open up any new credit while married and you keep items separate and apart from each other you should be able to protect your own credit from the bad credit of your soon to be spouse.
I suggest that you carefully monitor her spending habits and strive to pay down all debt as soon as you can.
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