How to Afford a Pennsylvania Divorce that Satisfies Both Parties Involved, Part II
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.
You should also consider including “kick-out clauses” to your Pennsylvania divorce agreement. Many people are hesitant to agree to pay alimony payments because they are worried that they may lose their job, particularly in this economic climate. Writing emergency clauses into the agreement that permit a spouse to reduce alimony payments if they suffer a financial setback can be beneficial to both parties. Clauses such as these should apply to either spouse, and should only be allowed to be a temporary adjustment.
The Pennsylvania divorce process can be very complex, and often leaves many people confused about the next steps they should take. The Pennsylvania divorce lawyers at The Law Offices of Sheryl R. Rentz can answer your questions regarding the divorce process and help you decide your next course of action. Please call our law office today at 610-645-0100 to schedule your free consultation now.