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Relationship Discussion (non-explicit)
Reply to "Divorce once kids are in college"
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[quote=Anonymous]My ex and I had an amicable settlement (reasons for divorce were not). Assets accumulated during the divorce are split 50/50. We each kept our own 401K’s (did not fight to even those 50/50). House was not split 50/50 as financially we would lose if we sold with the costs associated with moving. I kept the house (had to apply to assume mortgage from lender). He then got more of the savings. Since your kids are older, you’ll still have to decide who claims the kids for taxes until they are no longer dependents. Same for their health insurance (who’s Plan will they stay in). You’ll still want to decide who pays what incidentals for the kids until they are fully on their own. Remember if you get the divorce, to update your wills/trust/medical directives [/quote]
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