Financial Obligations of New Spouse
My question involves a marriage in the state of: South Carolina
I am planning to marry a man that had a horrible 3 year long divorce. His ex is quite contentious and I'm concerned that she might be able to come after us financially after we are married and will become a two-income household. He is a disababled firefighter and I work at Walmart so it's not as if we would have much disposable income anyway. Also, could I become responsible for any of his previous debts (before the marriage) or he, mine? We want to do what's right and be a good example to his young daughter (my children are grown) but I don't want any nasty surprises either.
Thank you ahead of time for your response.
Re: Financial Obligations of New Spouse
If he owes child support and/or spousal support I strongly recommend that you keep all of your finances separate. No joint accounts, nothing with his name attached.
That aside, what debts are you talking about? Generally you will not be held responsible unless you have a joint account or are otherwise connected to his finances.
Re: Financial Obligations of New Spouse
He and his ex-father in law have a dispute going about money loaned for the down payment on a house. If he sues Gary, if we are married, can he come after me in any way? That house was forclosed on several years ago. The rest of the debt is just the usual credit card sort of thing.
Oh, and there is no paperwork to back up any of the claims of either party.
Thank you so much!
Re: Financial Obligations of New Spouse
If ex FIL obtains a judgment, your joint assets can be attached. Same for the other creditor.
Stay on the safe side - keep your finances separate.
Re: Financial Obligations of New Spouse
Thank you. That's what I was thinking but it's nice to have backup.