When parties begin the process of divorce, many people feel that that they should include college expenses in a separation agreement. One or both spouses want to ensure that the college expenses for their minor children are covered when the children reach that milestone. But should you agree to cover college expenses in your separation agreement? Continue reading →
At the heart of many family law related disputes lie arguably the most difficult decisions regarding the children and their futures. At times it may seem unlikely that individuals in the midst of a divorce will ever agree on anything; fortunately, ensuring that any children involved receive a quality education is usually a top priority for everyone. Setting aside differences for what is in the children’s best interest saves not only time but may also preserve important financial resources that may be reallocated to ensuring the children’s futures are preserved. Continue reading →
My daughter just graduated from high school, and she is college bound. Her father and I divorced three years ago. Her father paid child support, but I understand child support is ending now as she is already 18. I thought her father would surely pay (or at least help) with college, and he told me last night that he was not helping with college. What can I do? Our divorce agreement says NOTHING about college.
~ College Help Needed
Question: I am a mother from Summerfield. I have been saving for my children’s college, but I am now faced with divorce. My ex-spouse is the owner of the 529 Plan. What happens to the 529 Plan in my divorce? Continue reading →