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Are married couple responsible for each others debt?
Since California is a community property state, the law applies that the community estate shared between both individuals is liable for a debt incurred by either spouse during the marriage. All community property shared equally between husband and wife can be held liable for repaying the debts of one spouse.
How is marital debt split?
California is a community property state, which means that any assets acquired and any debts incurred by either spouse during the marriage belong equally to both spouses.
What is considered joint debt?
Some debts are joint debts incurred by both spouses. When a couple buys a house together, they jointly agree to be responsible for the mortgage. When they buy a car, both spouses are responsible for payments. Joint credit cards are also considered shared debts.
Will I be responsible for my spouses debt?
You are not responsible for someone elses debt. When someone dies with an unpaid debt, if the debt needs to be paid, it should be paid from any money or property they left behind according to state law. This is often called their estate.
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Sep 6, 2022 Joint and several liability means that each taxpayer is legally responsible for the entire liability. Thus, both spouses on a married filing
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