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Is my Wife resposible

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wiilrob
wiilrob Posts: 2 Newbie
in Loans
If I have an unsecured personal loan in my name only would my wife be resposible for repaying if anything happened to me.

Regards

Comments

  • Simon11
    Simon11 Posts: 796 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Nope as its in your name only, why whats up?
    "No likey no need to hit thanks button!":p
    However its always nice to be thanked if you feel mine and other people's posts here offer great advice:D So hit the button if you likey:rotfl:
  • Typhoon2000
    Typhoon2000 Posts: 1,171 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It will be paid for out of your estate if the worst were to happen.
  • RobertoMoir
    RobertoMoir Posts: 3,458 Forumite
    Part of the Furniture Combo Breaker
    Typhoon mentions the important point. Your estate has to settle debts out of your assets before any remainder can be turned over to the beneficiaries.
    If you don't stand for something, you'll fall for anything
  • wiilrob
    wiilrob Posts: 2 Newbie
    Thanks for your imput chaps most helpful.

    Regards
This discussion has been closed.
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