How Can a Spouse Not Be Liable for the Other Spouse's Debts?
Full Question:
If you are married but do not want responsibility for spouses debts or a law suits, what must you be declared. It's called femme... I think. FYI: there are NO debts or laws suits in our case at this time and there may never be any, but should something occur, I would like not to be responsible for the problem.
02/16/2010 |
Category: Debts and Credit |
State: Pennsylvania |
#20981
Answer:
A free trader agreement may be used between spouses to agree that neither will create any obligation in the name of or against the other, nor secure or attempt to secure any credit upon or in connection with the other, or in his or her name. Each party agrees to promptly pay all debts and discharge all financial obligations which he or she may incur for himself or herself, and shall indemnify the other against any and all debts and other obligations which he or she may incur.
For further discussion, please see the following case law:
http://caselaw.lp.findlaw.com/scripts/getcase.pl?court=nc&vol=appeals2006/&invol=050344-1