I've just come across this article over on the mintlife blog and noticed that I do live in one of the ten community property states. I'm not overly familiar with this particular concept (keep in mind I moved here from the UK and the rules governing debt and spousal responsibility for them are obviously different just about everywhere), but my understanding is that both partners are liable for debt taken out by one partner in a marriage.
- Does this include all types of debts, like credit cards, car loans, mortgages, student loans?
- Does this only apply to debts that were taken on during marriage or to all debts of both partners? Ie if you have student loans dating prior to your marriage, is your partner still liable for those? Or for 'old' credit card debt?