Many who are considering divorce worry about the impact divorce will have on their children financially. Beyond the basics of food, shelter and clothing typically covered by child support, many wonder if their child will be able to attend private schools, participate in activities such as sports, dance or music, travel on school field trips…Read More
College Funding and Divorce…Tips to Consider
Many parents jointly open a tax advantaged 529 savings account to save for their child’s college expense. When parents divorce, the ownership of the 529 account must be decided. If you and your spouse can agree, financial planners recommend that ownership should pass to the non-custodial parent because their assets and income are not included…Read More
