Contact Us

Warning: count(): Parameter must be an array or an object that implements Countable in /home/ocvhgcloud03/public_html/domain_bknlaw.com/components/com_easyblog/views/categories/view.html.php on line 306

college, Kane County family law attorneysBy this time next week, classes will be underway at colleges and universities throughout Illinois and across the country. If you are a parent with a college-aged child, there is a good chance that you have spent the last several years budgeting and preparing for the cost of sending your child to school. Divorced parents may face additional challenges as they could be ordered by the court to contribute to their child’s college expenses. As a divorced parent subject to such an order, it is important for you to realize that your child is expected to comply with certain expectations in order for your ordered contributions to continue.

Your Child’s Resources

An order for support to help with college expenses will always take into account the income, resources, and needs of both parents, including their savings for retirement. The law also requires the court to consider the resources of your child as well. Statutorily, IRS-recognized college savings accounts under Section 529 of the Internal Revenue Code are considered to be resources belonging to your child. Other such resources may include but are not limited to scholarships, grants, and other endowments intended to offset the cost of a post-high school education.

...

Recent Blog Posts

Categories

Archives

Contact Us

NOTE: Fields with a * indicate a required field.
*
*
*
*