Runyon & Runyon
  • "This little note is to say thanks for all you have done for me. You worked so hard to prove that we told the truth. However it turns out, I know you did your best."
  • "Thank you and the Runyon team for everything that you all have done for my son. I truly appreciate it."
  • "Thank you Mrs. Browning for all of your help, and if you could pass my thanks on to Ray. Your team helped more than you know. If you ever need to reach me for anything further ill be here.Thank you again."
  • " I can’t put into words how grateful I am for all you have done for me. Thank you for listening and understanding what I was going through...”
  • " Thank you for taking care of everything for me in a professional manner. The staff is awesome also!”
  • " I wanted to thank you for your support. You are the best attorney in Clarksville. I could not have done it without you”
  • " Should I need legal service again you will be my only one to call. Thank you so much”
  • " Ray took time out of his busy schedule to fit us in at a time of crisis on several occasions”
Read More
Contact Us For An Appointment
toll free 800-568-1534
local 931-305-0061

Parents should plan for college savings during divorce

When going through a divorce, Tennessee couples with children have a lot to think about. The welfare of the children should be the number one priority in any divorce, so in addition to discussing who will retain custody, parents should also consider their children's future education and college savings.

For example, even though couples cannot anticipate where their children will go to college, they can agree to stay in touch after their divorce and each save for their children's college educations. Although communication is key in saving for college education after a divorce, experts advise that setting a framework for saving during a divorce settlement makes expectation more clear.

One way to do that is for parents to freeze their 529 plan account, which is the account used for educational savings. Freezing the account makes it so that neither parent can withdraw money from the account or use it for another child in a new marriage. Then, parents can start their own individual savings accounts specifically for saving for their children's education. It is a good idea to discuss how each parent plans on saving during the divorce proceedings.

There are many issues to be discussed when a couple decides to get a divorce, and it may be wise for both parties to seek the representation of a divorce lawyer. Divorce lawyers can help their clients negotiation division of property and other issues in their divorce settlements to ensure that their clients receive a fair settlement that is in their best interest as well as the best interest of their children. Divorce lawyers may also help clients ensure that all terms in a divorce settlement are clear and understood.

Source: US News, "Discuss College Savings During Divorce Process", Reyna Gobel, April 29, 2013

We Have Answers

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy