Category: Educational Plans
In divorce, who should pay for college?
This is an important debate. Parents can either ask or offer to pay for college as part of a divorce settlement. However, in divorce, a commitment to pay for college is a negotiating point, not a legal requirement (as some may think). Should it be? I’m not sure. That’s where there’s room for debate. Here’s my thought. If a married couple … Continue reading In divorce, who should pay for college?
Top Considerations for College Planning in Divorce
Divorcing clients and their attorneys may overlook educational plans when drafting settlement agreements. Many are comfortable simply allocating these plans in the settlement agreement to the beneficiary children. However, these accounts are risky to ignore. Their success depends of whether the child has qualified expenses, obtains scholarship and the like. Allocation of education accounts to … Continue reading Top Considerations for College Planning in Divorce