Creditors have the option of trying to recover funds from a spouse.
only where the financial resources of the spouse who incurred the expense are insufficient, unless both spouses agreed to pay the debt, said Catherine Romania, an estate planning attorney with Witman Stadtmauer in Florham Park.
“In cases where both spouses incurred the debt, or agreed to pay the debt, or one spouse guaranteed the debt of the other spouse, the creditor may go after she said. “However, where one spouse incurs a medical expense or other expense deemed necessary — including in some cases legal fees or clothing — the creditor must first pursue the spouse that incurred the expense.”from the non-debtor spouse, Romania said.
Each spouse holding his or her assets in separate names does not avoid responsibility for the debtor spouse’s medical bills if the debtor spouse’s assets are insufficient to pay such bills, Romania said. “Signing a pre-marital or post-marital agreement whereby each spouse agrees to be responsible for his or her own medical expenses also does not prevent a creditor from pursuing payment against the non-debtor spouse if the debtor spouse, or the debtor spouse’s estate, lacks the ability to pay,” she said. “Additionally, spouses may not be able to avoid a creditor seeking reimbursement with respect to `necessaries’ merely by separating.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Evaluating what the future holds for the Oakland A’s after key trade deadlineWe take a closer look at the prospects the A’s added in Monday’s blockbuster trade.
Read more »
Biden to sign executive order paving way for Medicaid to pay for out-of-state abortionsPresident Joe Biden on Wednesday will sign an executive order that will pave the way for Medicaid to pay for abortion services for people having to travel out of state.
Read more »
Seattle kills $4-per-hour hazard pay for grocery workers, effective next monthSeattle's city council voted 5-2 to end mandatory pandemic hazard pay for grocery store workers. The end to the extra $4 per hour workers are receiving takes effect 30 days after the legislation is approved by Seattle Mayor Bruce Harrell.
Read more »
A new law will give thousands of Alaska state employees a pay raiseA bill that became law this week raises pay for Alaska state attorneys, court employees and other state workers, including staffers in the governor’s office and Legislature.
Read more »
Late NBA great Bill Russell 'leaves a giant example for us all,' says Kareem Abdul-JabbarSix-time NBA champion Kareem Abdul-Jabbar has paid tribute to the late Bill Russell, his mentor and friend who he said “leaves a giant example for us all.”
Read more »
Snapp Shots: A’s superfan starts campaign to retire Campaneris’s jerseyBill Yee, a season ticket holder who has rooted for the team since they came to Oakland, has launched an online petition.
Read more »