When parents divorce, it's easy to delay thinking about the future. Events like retirement, emergency savings plans, and paying for your child's college education tend to be put on the back burner. Unfortunately, taking this attitude is a mistake. You should take the future into consideration when you negotiate your divorce settlement because it's far easier to address issues like your child's college education in the divorce than it is to bring up later on. Once an agreement is in place, you will have the law on your side, and taking action now will assure your child's educational future. There are two ways to go about including provisions that address paying for college in a divorce decree, so read on to learn more.
Voluntary Agreements to Help Pay for College
Not all states require that this issue be addressed during a divorce, but courts in all states honor an agreement that both spouses agree upon and include in the divorce. To be sure that you include a thorough and clear guideline for the future, consider the following issues:
Court-ordered Agreements to Help Pay for College
In states that require an education support agreement or where one parent is asking that the judge make a ruling about this expense, there are a few considerations:
To learn more about including the educational support provision in your divorce, enlist divorce attorney services for help in drafting an agreement.Share