How do we share college expenses for our children?
College expenses are not usually considered a required expenses for your children. Because college aged kids are technically emancipated and not legally dependent on you for support, neither parent is obligated to pay for college. You can reach binding agreements on sharing college expenses voluntarily, but it is not usually required.
Direct Expenses in Support
By allocating specific expenses to each spouse, direct payment arrangements provide transparency, accountability, and flexibility, allowing for a more tailored approach to financial support that meets the unique needs and circumstances of the family.
Cash Flow Introduction
An introduction to the cash flow analysis in divorce, focusing on income and expenses post-divorce and the ability of parties to support themselves (and children).
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