debt

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ladybug

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Post Posted: Mon Nov 22, 2010 10:43 am    Post subject: debt
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In Illinois, will my new husband be responsible for my credit card and my mortgage if I should die first?.....and vice versa? I have virtually no assets since my mortgage is worth more than the house on the market now, but he does have some assets. Thanks
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smith.sussane




Joined: 18 Sep 2008

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Location: Alaska
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Post Posted: Mon Nov 22, 2010 11:12 pm    Post subject:
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Hi ladybug!

Welcome to forums!

If you are the sole owner of the credit card, then your husband won't be liable for your debts if you pass away. However, if it's a joint account, then your husband will be liable for the debts.

Feel free to ask if you've further queries.

Sussane
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