Sorry about this, but I am rapidly realising how little I know about anything...
My wife is about to move out. Her financial resources will be one bank current acount and one credit card, both solely in her name.
While we are still technically married could I be held liable for any debts she accrues from now on? If so then what steps if any can I take to protect myself from this risk? I do not have confidence in her financial management skills.
But the answer, I think, is going to depend to some extent on what he resources are, how much she earns, and whether she has enough to live on ; if she is running up debts to buy essential items, then I would say that it is possible you could be allocated some of the responsibility for those debts as part of any divorce settlement.
Of course, as far as legal liability goes, you would not be liable to the lender if the debts were taken out in your wife's name and you did not agree to guarantee them.
No questions are stupid, you are asking a very valid question and Mike has given his experienced view.
Fact is that it is entirely possible in 'divorce law' to be liable for any debts incurred in separation as well as when living together.
There is not a lot you can do to stop her mounting up debts and if as Mike says she is just doing so to establish a new home and day to day expenses, the debts incurred could be split in any 'Ancillary Relief' proceedings
However if the debts are seen as reckless, say clubbing, buying expensive clothes, jewels etc.. She would be liable for all of that.
The 'Divorce Law' seems to want couples to enjoy the previously stable financial resources enjoyed in 'marriage' but the finality of it is most couples have to downsize, albeit for a few years