Prevent Divorce from Destroying your Child’s Future College Fund
Planning for your child’s future higher education needs is usually a top priority for parents, but going through the life-changing process of divorce can throw a wrench into many parent’s plans. The process of divorce can become much more costly than expected when former spouses can’t agree on certain issues, property rights or custody questions. […]
Planning for your child’s future higher education needs is usually a top priority for parents, but going through the life-changing process of divorce can throw a wrench into many parent’s plans. The process of divorce can become much more costly than expected when former spouses can’t agree on certain issues, property rights or custody questions.
How to Plan for your Child’s Higher Education through your Divorce in New Jersey
It’s necessary for each parent to be realistic about their financial situations. It’s going to be financially challenging for both parties to adjust to a new lifestyle, and it’s likely that the breadwinner will have to prioritize child support and spousal support before the child’s future education fund. If parents can come to a compromise, then it will be much easier to save costs through the divorce process and continue to save for college. An experienced attorney can help save you money and time throughout your divorce. Even so, parents may have to seek financial assistance through scholarships, loans or financial aid to help make ends meet.
Contact our NJ Family Lawyers at Davis & Mendelson
Our divorce attorneys understand that each couple’s situation is unique. Whether you and your partner are on the same page or in disagreement over specific issues, our firm can help you seek a favorable resolution and protect your rights. The Law Office of Davis & Mendelson can be reached through an online contact form. Reach out to our trusted team with your name, phone number and a description of your legal problem to get started on your case.
The articles on this blog are for informative purposes only and are no substitute for legal advice or an attorney-client relationship. If you are seeking legal advice, please contact our law firm directly.
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