Reported 1 day ago
In an episode of Suze Orman's Women & Money podcast, a California woman named Jane questioned whether she would be liable for her husband's credit card debt in the event of his death. Suze Orman explained that because they live in a community property state, Jane could be held responsible for debts incurred during their marriage, regardless of whose name is on the account. Orman further detailed how community property laws work, emphasizing that spouses share debts and assets acquired during the marriage.
Source: YAHOO