When I get married will my wife become liable for my previous debts?
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When I get married will my wife become liable for my previous debts?
I have been divorced for 3 years. My exwife is remarried and still lives in the house we bought several years ago with a land trust. My name is now off the title. But it is still on the mortgage. Because of her income and debts she has been unable to refinance. I am getting remarried in a month. My fiance is concerned that when we sign the marriage certificate that her assets will become liable for my ex-wife’s mortgage.
Asked on June 5, 2017 under Family Law, Minnesota
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
As long as your new wife keeps her assets solely in her name after your marriage, she will not be held liable for your debts. That having been said, any jointly owned assets are at risk. So, be sure to keep your assets seperate.
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
As long as your new wife keeps her assets solely in her name after your marriage, she will not be held liable for your debts. That having been said, any jointly owned assets are at risk. So, be sure to keep your assets seperate.
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