In our last blog post, we discussed financial considerations that couples who are divorcing in Pennsylvania need to take in order to gratify both parties, as highlighted in a recent Reuters article. This post marks the conclusion of the two-part series, and will talk about several other items that divorcing couples need to spend time deliberating over during the divorce process in Pennsylvania.
You will need to discuss paying for your children’s future college tuition bills with your soon-to-be ex-spouse. Statistically, children whose parents have divorced are less successful at completing college than children whose parents’ marriage is intact. Often this can be attributed to the failure of parents who have divorced to come to terms with who will pay the tuition bills. You and your future ex-spouse need to have a specific arrangement on this. Be clear what percentage each party will pay of the tuition bill, and agree to adjust the amounts in the future to allow for inflation. Read the rest of this entry »