trussmandave
Junior Member
What is the name of your state? North Carolina
My partner and I have a new LLC since June. All is going great. However, my wife is concerned that if anything were to happen to me (death) she would be liable for my business debts, with them coming out of her life insurance proceeds. Is there any way to insulate her from these debts, which consist of credit accts., that I have personally guranteed?
Debt is not a problem, and is up to date. She is thinking worse-case scenario.
Thanks,
Dave
My partner and I have a new LLC since June. All is going great. However, my wife is concerned that if anything were to happen to me (death) she would be liable for my business debts, with them coming out of her life insurance proceeds. Is there any way to insulate her from these debts, which consist of credit accts., that I have personally guranteed?
Debt is not a problem, and is up to date. She is thinking worse-case scenario.
Thanks,
Dave