Is the wife responsible for the debt of her deceased husband?
My husband just passed away, I need to know if I am responsible for his debt. Some of this debt I was unaware of, and some was before our marriage. I do not have much, and I need to know what I am responsible for.
Colorado is not a community property state. A community property state has rules where you are liable for the debts of your spouse where they are acquired during the marriage. In a common law state, such as CO, you are not liable on the debts to the extent that you are not a signer to the agreements that these debts arose from. For instance, if you are on a joint account with a credit card, then you can be held liable for the entire debt. Same thing goes for a car loan or a mortgage. However, if the debt was acquired before you were married and are not on the contract of the debt even if incurred when married you should not be liable. Make sure you show the document to a lawyer in your state to confirm.