Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
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1. You are in no way liable for your spouse or your daughters debts, PA is not a common law State, where creditors can go after you for your spouses debts,
2. A separation agreement would help in terms of separating assets for a future divorce, but will have no affect in terms of making you liable for her debts.
3. If your spouse has credit card debt, and the home is in both your name,
the house could potentially be liened by a creditor, and you should consider putting the home into a trust or a corporation, to protect it from her creditors.
I am setting up a trust for my daughter, she is not 18 until April, could this be put in her trust.
Yes, if your spouse agrees, I would put the home into the trust
Good luck, and if you have any further questions please do not hesitate to ask
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