If you're preparing to put your estate plan in place, you may be considering doing so without discussing it with your adult children. It's understandable that you want to avoid awkward conversations about how much each one is inheriting and who's getting which family heirlooms.
You hope that when your child goes back to college this fall (or begins their freshman year), they'll focus on getting the education for which you're paying so dearly. You don't want them to get into anything that could get them in trouble at school — or worse, with the police. However, you can't control what your child or the people around them are doing doing every minute. That's why it's essential for college students to understand what rights they do and don't have in their dorm rooms or other campus housing.
If you are giving thought to preparing your will, you must decide who you want to name as your executor. Settling someone’s final affairs can be complicated; there could be financial and legal pitfalls along the way. You need a savvy executor who knows when to ask a professional for help.
When one parent has primary custody of children after a divorce, the noncustodial parent is often ordered to pay child support to help the custodial parent pay for the children's housing, food, clothing, school supplies, extracurricular expenses and more.
When you divorced and your child support order was put in place, you had a good job. You were more than happy to provide financial help to your co-parent, who has primary custody of the kids, to ensure that their needs are met.