How college gets funded in a California divorce, what happens to a 529 you already have, and how to keep child and spousal support from vanishing if the paying parent dies.

In this episode of Advisor in Your Corner, Alex Weinberger, CFP and CDFA, walks through the part of divorce that worries parents most, the money behind their children's future. He covers the California rule that surprises almost everyone, that courts generally will not order a parent to pay for college, so it has to be negotiated into the settlement; what happens to a 529 college savings plan when one parent controls it; how custodial accounts differ from 529s; and the protection almost no one raises, that child and spousal support generally end if the paying parent dies, and how California law lets a court require life insurance to secure it. He closes with the beneficiary designation mistakes that send money to the wrong place, and the questions to ask before signing. Learn more about the firm at Marriage Financial Solutions, https://marriagefinancial.com, and about the affiliated fiduciary advisory firm at Weinberger Asset Management, https://wamasset.com. To schedule a confidential, complimentary conversation about where you stand financially, visit https://calendly.com/abwcalendar/inquiry-30-minute.

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