During your marriage, it is likely that much of the household income went toward the costs regarding your children. Whether that was extracurricular activities, clothing, family holidays or private school tuition, the amount spend on a child's life over the course of a year is notable. Therefore, when you go through a divorce, it is difficult to navigate how to effectively split the costs, especially within a high-income family.
This is why there are legal guidelines in the state of Colorado that help clarify how much child support should be paid to the primary custodian. Many factors will be taken into consideration, but, in general, it is hoped that the child support will be enough to ensure that the child or children are able to live at the same standard that they are used to.
How will private school tuition be paid for after a divorce?
When child support payments are made, they can be spent on anything that the custodial parent sees fit. It will likely be used to pay for food, shelter, clothing, medical care and, potentially, it will go toward private school tuition.
It is important that you talk to your divorcing spouse about how private school tuition will be paid for in the future. If he or she no longer wants to contribute to private school tuition fees, making your child's tuition no longer affordable, you may want to look into whether you can modify child support to account for such an expense.
It can be argued that it is not in the best interests of the child to force them to change schools at a time that is inevitably difficult for them, since their parents are divorcing.
Child support can also be used for transportation to and from school, as well as for a child's college expenses. Similarly, often it is argued that a child's education should not have to suffer as a result of their parents' divorce.
If you have further questions about child support after a high-asset divorce in the state of Colorado, it is important to conduct thorough research and make sure that you know what your rights are as the custodial parent.