If you’re co-parenting with your ex, you’ve probably noticed that coming up with a completely fair way to share child care expenses is harder than it sounds. Even if you have a perfectly amicable divorce, it can be a challenge.
After all, kids and their lives aren’t very formulaic. You can have a mediator or a judge detail exactly how you’re going to divide your cash outlay on your kids for everything from their clothing to college, but what if your child one day wants to take up a musical instrument? Or go on a ski trip with friends? You may think that’s a fine idea, but your ex may feel it’s too expensive. And if your ex is barely able to meet his financial obligations, he may have a point.
You improvise and, hopefully, compromise. “There’s really no one answer,” says Lori Lustberg, a certified financial planner and certified divorce financial analyst in South Burlington, Vermont. “Every case is different, every individual is different, every couple is different.”
But as you search…