K****D
发帖数: 30533 | 1 Two requirements:
1) You need to be 99% sure you will not divorce your spouse in
your life. (Most Americans will just stop right here.)
2) Between you and your LD, one person's salary is high enough to
apply for home mortgage alone.
Method:
1) The one with higher income between the couple applys for all
the loans, including the home mortgage.
2) He/she then transfer all his/her money to the spouse's
individual bank account. Close all joint accounts. Sell all or
most joint title household items. |
t***s
发帖数: 4666 | 2 name on the account doesn't matter if they are married in most states.
they need to get divorced first.
【在 K****D 的大作中提到】
: Two requirements:
: 1) You need to be 99% sure you will not divorce your spouse in
: your life. (Most Americans will just stop right here.)
: 2) Between you and your LD, one person's salary is high enough to
: apply for home mortgage alone.
: Method:
: 1) The one with higher income between the couple applys for all
: the loans, including the home mortgage.
: 2) He/she then transfer all his/her money to the spouse's
: individual bank account. Close all joint accounts. Sell all or
|
K****D
发帖数: 30533 | 3 Really? In that case one has to transfer money to children or
parents?
【在 t***s 的大作中提到】
: name on the account doesn't matter if they are married in most states.
: they need to get divorced first.
|
t***s
发帖数: 4666 | 4 two words: gift tax.
【在 K****D 的大作中提到】
: Really? In that case one has to transfer money to children or
: parents?
|
K****D
发帖数: 30533 | 5 Did a quick google and found the following:
http://www.brighthub.com/money/personal-finance/articles/35296.aspx
What happens to debt when someone dies
If a spouse passes away leaving debt only in their name, their spouse is not
at all obligated to pay the debt. However, if the debt is on a credit card
with both names or a joint account the spouse is still obligated to pay the
debt. The spouse may not get off without any consequences though. Creditors
are within their rights to go after the estat
【在 t***s 的大作中提到】
: name on the account doesn't matter if they are married in most states.
: they need to get divorced first.
|
t***s
发帖数: 4666 | 6 A note about community property states
If you live in a community property state the wife of the deceased will
automatically become liable for all debts of the deceased. It will then be
the wife's responsibility to pay all debts. In community property states,
all income and debts are considered equal property of a husband and a wife.
not
card
the
Creditors
of
【在 K****D 的大作中提到】
: Did a quick google and found the following:
: http://www.brighthub.com/money/personal-finance/articles/35296.aspx
: What happens to debt when someone dies
: If a spouse passes away leaving debt only in their name, their spouse is not
: at all obligated to pay the debt. However, if the debt is on a credit card
: with both names or a joint account the spouse is still obligated to pay the
: debt. The spouse may not get off without any consequences though. Creditors
: are within their rights to go after the estat
|
K****D
发帖数: 30533 | 7 Special rules apply to spousal property and income in the community property
states:
* Arizona
* California
* Idaho
* Louisiana
* Nevada
* New Mexico
* Texas
* Washington
* Wisconsin
Darn, no go for me. I need to move!
【在 t***s 的大作中提到】
: A note about community property states
: If you live in a community property state the wife of the deceased will
: automatically become liable for all debts of the deceased. It will then be
: the wife's responsibility to pay all debts. In community property states,
: all income and debts are considered equal property of a husband and a wife.
:
: not
: card
: the
: Creditors
|
t***s
发帖数: 4666 | 8 it's surprising to see california and texas on the same list. hehe.
property
【在 K****D 的大作中提到】
: Special rules apply to spousal property and income in the community property
: states:
: * Arizona
: * California
: * Idaho
: * Louisiana
: * Nevada
: * New Mexico
: * Texas
: * Washington
|
t***s
发帖数: 4666 | 9 and your mortgage part won't even work in a non-community property state.
mortgage by definition is secured by the property. if the debt is
not paid satifactorily, the lender will go after the property.
【在 t***s 的大作中提到】
: it's surprising to see california and texas on the same list. hehe.
:
: property
|
K****D
发帖数: 30533 | 10 Just ATM the home out and keep all the money within the spouse's
account ah.
Always keep a very low equity in the home. Until one day suddenly
pay off everything by cash, hehe. (Lose the home-made term life
insurance at the same time, coz rich enough and no need to have
insurance any more.)
【在 t***s 的大作中提到】
: and your mortgage part won't even work in a non-community property state.
: mortgage by definition is secured by the property. if the debt is
: not paid satifactorily, the lender will go after the property.
|
