According to the American Psychological Association, up to 50% of couples throughout America will get divorced. Divorced couples who had children together will still need to provide for them both emotionally and financially. Therefore, it is important that North Carolina parents work together to create a financial plan that preserves a child’s best interests. Fortunately, the framework for such a plan is generally included as part of a divorce decree.
Therefore, its terms can be used as a starting point for resolving any issues that may arise. Ideally, it will address who is responsible for paying for a child’s medical, educational and extracurricular expenses. Even if divorced parents are on the same page regarding the financial obligation to their children, it can be a good idea to talk about it regularly. The parents themselves can choose whether to do so in person, over the phone or by email.
If necessary, a third party can be brought it to mediate these conversations. Making time to talk about money issues can lead to improved communication and take some of the emotion out of these conversations. It can also be a good time to talk about future expenses that a child may incur and how to pay for them.
While a divorce decree may end the relationship between two adults, it does not end the relationship that they have with their children. Therefore, it is important for parents to put aside their feelings for each other and focus on their children. In some cases, they are able to do so without the help of an outside party. However, parents shouldn’t hesitate to talk to their respective attorneys if they need help resolving a problem.