What financial support can I count on for my children?

Laws vary by state, but typically a judge will determine the financial resources that you will receive if you are the custodial parent. Some states base these payments on the parents’ combined income and the number of dependent children. Keep in mind that your respective contributions to college expenses will need to be addressed in the divorce agreement.

Rock A. Tate is a Financial Advisor, CERTIFIED FINANCIAL PLANNER™ at The Tate Group at Morgan Stanley Smith Barney, He can be reached at 1-800-327-6322 to help you with all you financial divorce needs and is licensed in the following state(s): AL, CA, CT, DC, FL, GA, MA, MD, ME, MI, MN, NC, NH, NJ, NY, OH, PA, SC, TX, VA