For many divorcing couples, there’s no question that their children will be going to college.
The only matter to be resolved, regardless of the age of the children, is how to pay for it.
You and your spouse likely have a clear sense that your kids are college bound, so finding ways to build up a fund to cover the ever-rising costs of a four year degree is important.
Divorce changes the picture considerably when it comes to instruments like 529 savings plans.
You may already have established a tax preferred fund for your children, only to find that in a divorce, the 529 is considered a marital asset, not the property of the child it was created to benefit.
There are many ways to approach college savings for young children, and the attorneys at Friedman & Ranzenhofer know that planning ahead is the best way to give your children all the chances they deserve in life.
Call us today at 585-484-7432 to talk to a Rochester divorce attorney for free.