Good morning! I live in North Carolina and my husband and I are separated (and of course living in different houses). Am I responsible for any debt he might acquire like medical bills? Also, when does my share of his 401k stop, after separation or after the divorce is final?
Thanks
Any debts, including medical debt, that you each acquire after the date of separation is the separate debt of the party acquiring or incurring the new debt.
Each spouse is entitled to one-half of the other’s retirement account balance that was acquired during the marriage. You are not entitled to any funds that are contributed to his retirement account after the date of separation assuming they are contributed based on separate efforts or separately earned funds.
Anna Ayscue
Attorney with Rosen Law Firm Cary • Chapel Hill • Durham • Raleigh • Wake Forest
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Thank you so much for your response!
Kind regards,
Amy Clark