Should I be a co-applicant with my husband for his business loan?
After my mother passed away, I inherited some money. Two years later I married my husband , I borrowed him money to build his auto mechanic shop. I borrowed him the money from my inheritance money that I had invested with Edward Jones. No signed agreement was made between us. He is currently making payments to my EJ account, but we are also currently separated, not legally. I want him to get a loan to pay back my account. I am unsure whether I should be a co-applicant with him, cause it just seems that I am putting myself at risk if our marriage doesn't work. With Wisconsin being a 50/50 state, I look at it this way - I borrowed him the money, but if I co-app with him on this loan and we end in divorce I then become liable for half his loan which was my money in the first place.