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When spouses are considering whether to have joint credit cards or separate, keep in mind the following scenarios:


Separate Credit Cards

If a credit card is in one spouse’s name, the other spouse is not liable for credit card debt when the first spouse dies.


Joint Credit Cards

But the surviving spouse must also rely on his or her credit alone to get a credit card. If one of you has been keeping the home fires burning while the other brought home the bacon, it could be a good idea to have credit cards in both of your names.


Helpful Articles:

Why Your Bank Account Signature Card is Important
How Seniors Manage Online Accounts in the Digital Age
Tips to Prepare Your Digital Accounts in Case of Death


Elder law attorney, Terry Garrett, is a member of the National Academy of Elder Law Attorneys and is an Approved Guardianship Attorney. She assists people in elder law, estate and special needs planning, guardianship and settling estates. She graduated with honors from Cornell University. She was on the Dean’s List at Wharton Business School. She earned her J.D. at Columbia Law School, receiving the Parker Award and a Mellon Fellowship.


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