Uniform Transfers to Minors Act, 529 Plans (including College Illinois Prepaid Tuition Plan) and Tax Benefits of Gifts Gifts to children can be made into special accounts or to custodians for the children. Illinois law allows for transfers to custodians for minors and places obligations on those … [Read more...] about Gifts to Children for College Education in Illinois Divorce Cases
Post-High School Educational Expenses / College
Post High School Education in Illinois Divorce and Paternity Cases
Illinois divorce courts can order a parent to pay for a child's college education. Illinois in the minority of states where payment for college expenses can be ordered without an agreement between the parents. Illinois divorce and paternity law calls this "post-high school educational expenses" … [Read more...] about Post High School Education in Illinois Divorce and Paternity Cases
