Florida Divorce Attorney Russell Knight Explains Who Pays For College Expenses in a Florida Divorce
Florida divorce attorney Russell Knight releases a new article (https://divorceattorneynaplesfl.com/who-pays-for-college-expenses-in-a-florida-divorce/) explaining who pays for college expenses in a Florida divorce. The lawyer mentions that raising children can be very expensive, especially when it comes to their education. In a Florida divorce, college and university expenses are not mentioned in the dissolution of marriage, support, and time-sharing section.
“Every divorce has a final document entered in the courts called a “Marital Settlement Agreement” commonly referred to by its acronym MSA. The MSA includes all financial arrangements and agreements between the two parties. The division of assets, debts, and whatever child support and alimony are ordered or agreed to,” says the Florida divorce attorney.
The lawyer adds that a good MSA will include any future financial relationships the parties might have. For example, if one of the parties chooses to co-own a house or business. If the parties have children together, they must be able to include some kind of language about how they will make arrangements to pay for their children’s college expenses.
Attorney Russell Knight explains that it may be challenging to allocate expenses between the divorcing parties, so speaking to an experienced divorce lawyer is very important. A skilled lawyer may be able to help the parties choose the best strategies for allocating college funds for their children.
In the article, the lawyer adds, “Even if require your ex-spouse to contribute future income to your children’s college, your spouse will not be held in contempt of court if they simply cannot pay that amount. To be held in contempt means that their behavior was “willful and contumacious” and a real inability to pay is neither. If the person cannot be held in contempt, there will never be any real enforcement of the order.”
Lastly, the Florida divorce lawyer emphasizes the importance of having a skilled lawyer when it comes to matters such as alimony and asset division. Having an experienced attorney may be able to help the client understand their rights and responsibilities in the case.
About The Law Office of Russell Knight
The Law Office of Russell Knight was established in 2009 by the divorce attorney Russell D. Knight. The lawyer’s love for family law is demonstrated by the numerous articles personally written by the lawyer. Russell is a licensed lawyer throughout Florida and Illinois. The attorney has a legal practice in both states and employs an entire staff of paralegals and attorneys in the two states of Chicago, Illinois, and Naples, Florida. Contact them today at (239) 202-0455.
For more information about Law Office of Russell Knight, contact the company here:
Law Office of Russell Knight
Russell D. Knight
(239) 202 0455
1415 Panther Ln #218, Naples, FL 34109, United States