When couples divorce, one parent may worry about the financial future of a child from the marriage. A parent may be concerned about protecting a child’s inheritance from being divided in the divorce or may wonder how they will afford what their child may need spanning early childhood through college.
It is important to discuss your concerns regarding your child’s future with your attorney. With regard to preserving inheritance, your attorney may suggest that you create a trust specifically for your child during the marriage that specifies that funds placed in the trust will not be included in the division of marital assets in a divorce.
Other financial concerns regarding ongoing support for children in a divorce can include a divorce settlement agreement to share expenses related to rearing a child above and beyond standard child support such as private school tuition, payment for extracurricular activities, college costs, medical insurance and other expenses. I t is vitally important to work with an experienced attorney to have a plan in place to share these costs after the divorce.
If you are a parent considering divorce, it is helpful to discuss your concerns with an experienced divorce lawyer who can not only provide you with information regarding child support, child custody, alimony, the division of marital property and debt, but also provide a strategy to achieve the most favorable outcome for you and your child in a divorce. Contact Atorney Jane Probst at Probst Law Offices, S.C. today.