Did you consider "common law" before marriage? (For the married guys in the US)
06-22-2017, 08:46 PM
One of the many risks of marriage is being potentially liable for the debt of the girl.
It looks like in the US, the following states are "common property" states:
Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin
This means that most debts taken on by either spouse during the marriage is owed by both spouses.
The rest of the states are "common law" states, where the debt is generally separate, and income also does not become jointly owned.
For those that got married in the US, was that a consideration at all in deciding which state you got married in?
It looks like in the US, the following states are "common property" states:
Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin
This means that most debts taken on by either spouse during the marriage is owed by both spouses.
The rest of the states are "common law" states, where the debt is generally separate, and income also does not become jointly owned.
For those that got married in the US, was that a consideration at all in deciding which state you got married in?