Legal Question in Wills and Trusts in Ohio
If i marry a farmer with debt(equipment,cattle,etc.), do i assume the debt if he passes. he's a few years older than me.
Asked on 11/19/10, 1:40 pm
1 Answer from Attorneys
Elizabeth Schmitz
Elizabeth S. Schmitz Attorney at Law
When someone passes away only his or her probate property (property in his or name alone) is used to pay debts. So his real estate, equipment, cattle etc. may need to be sold to pay his debts. You would not become liable for his debts unless you agree to be liable for his debts. You will want to be careful to make sure that you avoid doing so.
This answer is intended as general information and does not create an attorney client relationship. You should consult with an attorney who can give you specific legal advise based on the particular facts of your situation.
Answered on 11/24/10, 5:02 pm