Post # 1
Was wondering if anyone knew the details about student loans and prenups. I want to protect my FI from them in the case of my death. From what I’ve heard as long as you don’t combine assets, your married partner won’t be responsible for the loans you’ve acquired before marriage, however it is unclear to me what the lines of ‘asset sharing’ are.
Can a prenup actually protect him from my loans in the future?
thanks, look forward to the responses.
Post # 3
@vvbird: If they are federal loans, and if something happens to you, all he has to do is send in a death certificate and they are forgiven.. In the envent they are *99.9% of* private loans, they get passed to the endorser, or the estate, they will not be forgiven and they WILL get their money somehow (I don’t like private loans for that reason, and a few others)
EDT: Even if they were ‘spousal consolidation’ loans (which haven’t been originated since 2006) your portion would be forgiven in the event of your death…
Post # 4
It’s as long as you don’t CONSOLIDATE your student loans together under one name/account, then you are not liable for his student loan debts. No prenup needed.
You can still combine your other assests.