Child’s College Expenses Problematic Upon Divorce. Why it’s Important To Say What You Mean and Mean What You Say
With the importance of higher education becoming more apparent every day, it is not uncommon for divorcing couples to decide to provide for their children’s college expenses. In Ohio, like many other states, domestic relations courts cannot ordera parent to pay these costs because the duty of support generally ends once a child reaches the age of 18 (or in some situations at 19) . Nevertheless, the parties can negotiate a division of the college expenses and incorporate it into a separation agreement.
Generally speaking, a separation agreement is a contract and is therefore, binding on the parties involved. So, if you decide to agree to be on the hook for your children’s college expenses upon divorce, it is extremely important that the language within your agreement clearly expresses your intent.… View Full Article → “College Expenses And Divorce”