Eve
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Reged: 11/28/05
Posts: 112
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COLLEGE EXPENSES AND WILLED ASSETS
01/06/12 04:55 PM
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When our twins were born my father in law called me and told me he had put a significant amount of money for each of our twin babies in a stock. He said he wanted it to be used for their education after high school, whether it was a trade school, college, he did not care, as long as it was toward their career goals to make them self sufficient adults.
He put his oldest son, not my husband, in charge of this to oversee it and distribute it when the time came.
He passed away a couple years ago, and the twins are 16, thinking of college. Our divorce settlement says we will each contribute equally, as we reasonably can, toward our children's college education.
The stock my father in law left for the twins has grown substantially and will probably take care of at least the first two years for both of them. My ex now says, "Well, that money will take care of my share, not yours!" I replied, "Your dad bought those stocks for the twins, not you, and we will share what the worth of those stocks does not cover."
I told him, if I had to go to court over this, I would. Has anyone here had something like this happen? If we had to go to court, any idea what a judge would say???? Just curious as to your opinions and experiences. Thanks!
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