college expenses

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DEBT IS NOT TO BE TREATED AS A CREDIT FOR FATHER’S CHILD SUPPORT OBLIGATIONS

The Marital settlement agreement (MSA) provided that husband owed wife a child support arrearage in the amount of $79,301.44.  He would repay that debt by reimbursing each of the 3 children's section 529 plans accordingly.    The parties  would jointly bear the children's higher education expenses.  The MSA did not provide that husband's repayment of the [...]

By | October 31st, 2019|Financial Issues When Divorcing|0 Comments

WORDING OF DIVORCE DECREE FOR COLLEGE EXPENSES IS IMPORTANT

The parents were divorced.  Their divorce decree said they would pay for their son’s college education.  If they could afford to. And, if their son showed the desire and ability to continue his education. Son graduated from high school.  He was charged and convicted of two felonies.  He went to prison for three years. Father [...]

By | September 26th, 2017|Child Support|0 Comments

MAKE SURE YOU HAVE VALID REASONS BEFORE YOU TRY TO GET OUT OF PAYING CHILD SUPPORT

The parties were divorced. The court entered an order as to one of the son’s college expenses. It said that mother would be responsible for 60% of his college expenses. Disabled father would be responsible for 40% of college expenses. later, mother filed a motion to stop her contribution to college expenses. The trial court [...]