Legal Question in Family Law in New York
joint tenancy with right of survivirship and subsequent debts
If a party involved in the property arrrngement incurs debts AFTER the date of the transfer and the party with the seperate debts dies, are the remaining parties liabel for this incurred debt?
1 Answer from Attorneys
Re: joint tenancy with right of survivirship and subsequent debts
Without seeing the actual agreement it is impossible to say for certain, but in general, one person will not be responsible for a debt incurred by someone else.
However, if there is joint property, the creditor might be able to seek repayment from that property.
It sounds like the joint property was transferred to your name already, which is in your favor.
For specific advice though, you should speak to a lawyer in person.
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