There will be many important decisions affecting your family that can generally discussed and negotiated amicably during a typical divorce mediation. For those parties with children in middle school or high school, one important issue that at least one party generally wants to address is how the parties will pay for future college costs for the children. Most parties expect that their children will need to attend college in order to advance in their lives, and the increasingly higher and higher college expenses is often an issue of concern for divorcing parents.
It should be pointed out that there is no legal requirement to pay for college tuition or related expenses for a child under California law. However, most parents recognize the obvious importance of their children receiving a college education and degree.
So at California Divorce Mediators, we assist with providing options and ideas so that informed decisions by the parties can be made. Those options can include splitting such college expenses equally or in proportion to the parties’ relative incomes, or one parent can agree to assume the full costs if that makes sound financial sense, as well as alternative financing options. In the mediation setting, such topics can be freely discussed, with the best interests of the family in mind. After all, at the end of the day, most parents want what is best for their children, to the best of their financial ability to do so.
The bottom line is that there can be definite benefits to including the issue of payment of college expenses as part of a divorce settlement agreement. For further information or to schedule a consultation with California Divorce Mediators, please call (949) 553-0911 or visit www.cadivorcemediators.com. California Divorce Mediators is an experienced Divorce Mediation and Family Law firm serving the Orange County and Riverside areas and neighboring counties, serving individuals, couples and families with legal issues including divorce, legal separation, spousal support, child support and child custody issues.