Navigating the Cost of Education

In a guest column published on 12/22, Rebecca Palmer discusses the importance of putting together a joint plan for a child’s education. Rebecca explains this step is just as critical as planning for the division of assets, spousal support, and custody.

“The ideal scenario is for each parent to provide equal support, but that is not possible due to a difference of income or lack of accountability in many cases,” writes Rebecca.

Rebecca says, “I recommend that along with child and spousal support agreements, parents also negotiate a primary, intermediate, and higher education tuition and expenses agreement as part of their divorce settlement. The agreement should outline what each parent is responsible for and provide a clear understanding of variables such as tuition limits, how and when payments will be made, and what expenses will be covered.”

To read the article in full, click here.