Divorce Agreement Paying For College

Q: Are divorced or separated parents legally required to pay for their child`s university education and related expenses? If divorced parents have agreed on the distribution of a child`s university fees, family courts will not have to apply the twelve Newburgh factors. Instead, the court will apply the real estate transaction agreement as written. In this case, the real estate comparison contract was explicitly stated that the university`s costs are divided equally between the two parents. With respect to college fees, a Colorado court cannot order a parent to take over both child care and university expenses, even if a child is under 19, and even if the child is kept in the home of parents who receives child care until that date. Once the parents have discussed the above considerations, here are some of the usual ways, as my placement clients agree to deal with college fees: New Jersey is a progressive state to support a child`s right to higher education. Parents who have separated or divorced will find it difficult to escape dues in this state. Jeffrey A. Landers, CDFA™, is the creator of Think Financially, Not Emotionally® a brand of books, webinars, seminars and online learning courses designed to educate, strengthen and support women (and their counsellors) before, during and after divorce. Current Amazonian bestsellers include Think Financially, Not Emotionally – What Women Need To Know About Securing their Financial Future Before, During, And After Divorce, Volumes I-II, Financial Planner For Women, Volume I and A Woman`s Guide To Financial Security After Divorce – The Basics: Creating A Solid Foundation. His books are available at ThinkFinancially.com. He is also the founder of Bedrock Divorce Advisors, LLC, a divorce consulting firm that works exclusively with women in the United States. Jeff writes “Divorce Dollars and Sense,” a weekly blog for Forbes.com on the financial aspects of women`s divorce, and he regularly writes articles on The Huffington Post, DailyWorth, More.com, Lawyers.com and many other publications. He has also been interviewed at length on the financial aspects of divorce for women at CBS and FOX Television News and such prestigious publications as The Wall Street Journal, Dow Jones, The Miami Herald, Smart Money, Consumer Reports, The Christian Science Monitor and many others.

Jeff studied Ba in Psychology at Columbia University and studied law at Pace University School of Law before becoming a financial advisor for divorce. All articles/blogs are used exclusively for information purposes and do not constitute legal advice. If you need legal advice, keep a lawyer who is licensed in your jurisdiction. The opinions expressed are exclusively those of the author, who is not a lawyer. Landers@BedrockDivorce.com The appeal body found that the Family Court was right to apply the settlement and real estate agreement provision, which made Christine responsible for half of the costs of the children`s school. As a general rule, a court must enforce the terms of a real estate transaction agreement, unless there are “compelling reasons to depart from the clear, unequivocal and mutually agreed terms” of the contract. The reason is that the New Jersey courts are in favour of the stability of family rules. As long as the terms of a real estate transaction agreement are fair and equitable, the new Jersey Family Part courts will not change them or inconvenience them unnecessarily.

If the importance of a particular language in a real estate transaction contract is contentious, the role of the courts is to use a rational meaning on what is written, in relation to the circumstances in which the agreement was drawn up, in accordance with the explicit general objective. However, a judge has the power to amend a real estate transaction agreement if it is established that circumstances have changed in a way that, if not for a long time, was fair or equitable in enforcing the agreement.