Ask Experts Questions for FREE Help!
  Advanced
Register  |  Log in  
   Ask    
 Answer  
  Help  

Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
Free Answers in 3 Easy Steps

Register Now
3 Steps

At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.

Home > Family & People > Marriage   »   Protecting prospective wife from possible debt

 
Question Tools Search this Question Display Modes
Question
 
 
#1  
Old Feb 11, 2006, 10:13 AM
clancy999
New Member
clancy999 is offline
 
Join Date: Feb 2006
Posts: 4
clancy999 See this member's comment history on his/her Profile page.
Protecting prospective wife from possible debt

I am in poor health and can't get life insurance. Am considering getting married and wonder if there is any way to protect my wife should I accumulate catastropic medical bills. Would prenups have any ability?

Reply With Quote
 
     

Answers
 
 
Old Feb 11, 2006, 12:41 PM   #2  
Fr_Chuck
Christianity Expert
Fr_Chuck is offline
 
Fr_Chuck's Avatar
 
Join Date: Nov 2005
Location: Atlanta GA
Posts: 23,730
Fr_Chuck has disabled reputation
This will depend on your nation you live in.

Some couples I marry, prefer a non traditional wedding, we give them a church wedding, but not a state wedding, to the state they are not legally married, if the lady wants to change her last name, we have them do a state name change for about 250 dollars.

Each couple writes a will, a power of attorney and a living will. This gives each other as close to the rights of being married as you can get.
After the death of one part, the other will have to pay any money the other party has for any debts, but will not lose thier own property or money.
Joint accounts in both names may still be taken.

Many older couples do this, since at one time and I beleive still, they will lose some social security benifit being married over single, they don't want to live together in "sin" but can't afford the lost of money or the liablity of debt.
  Reply With Quote
 
     


Question Tools Search this Question
Search this Question:

Advanced Search
Display Modes

 
Similar Sponsors

Similar Questions
Question Asker Topic Answers Last Post
protecting an invention? Whuffle Inventors & Inventions 3 Dec 7, 2007 11:00 PM
Wife being sued for credit card debt Paulos Bankruptcy & Debt 4 May 11, 2006 10:08 AM
Am I protecting myself.... DJ 'H' Relationships 16 Dec 27, 2005 03:31 PM
Should I tell prospective employer about DWI? trueut2003 Interview Questions 0 Jun 21, 2005 12:49 PM




Copyright ©2003 - 2007, Ask Me Help Desk.
All times are GMT -8. The time now is 10:45 PM.

Content Relevant URLs by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.