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Debra, Lawyer
Category: Canada Law
Satisfied Customers: 100996
Experience:  Lawyer
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My huisbrand and I have a marriage of 45 years! We own a

Customer Question

My huisbrand and I have a marriage of 45 years! We own a 22acre farm.
A couple of years ago, my husband invested in a neighboring property. I was no part of this, he did not share or talk to me about this, I do not like the property he bought. And I found this out later..
I was upset. But can not do anything about it. Or can I?!
Now, my husband has to re-apply for a loan at the bank. In order to get this, loan he needs to comply with questions and show the bank his income etc his statements etc.
My husband tells me not to worry.
My question is, what will happen to me, with this, when he'll pass away?!
Submitted: 2 years ago.
Category: Canada Law
Expert:  Debra replied 2 years ago.

There is nothing you can do about this unfortunately. He can invest however he likes just like you can. Nothing will happen to you as you will not ever be liable for his debts. But his estate will be liable for his debts. This may affect what you inherit but doesn't put you at risk.