Recent changes to Florida Prepaid College Plan rules may now make them harder to cancel and thus more likely to be there when a child actually needs it. Florida Bar, Family Law Section supporter, Sen. Ted Deutch, D-Boca Raton, sought the rule change after the matter was brought to his attention by one of his constituents whose ex-husband cashed out their son's plan over her protests because it was only in his name. Now, prepaid plans bought after Feb. 1 will require both the purchaser and any listed survivor to agree before a plan can be cashed out if done so before the child goes to college.For those who bought a prepaid plan before Feb. 1, a survivor can be added and request made to give that person a right of refusal for any plan cancellations or changes. But, anyone who wants sole control of the plan can still choose not to list a survivor.
For details see Fla Admin Rule for Prepaid Plans 19B-5.004.
Showing posts with label payment plan. Show all posts
Showing posts with label payment plan. Show all posts
Monday, March 23, 2009
Tuesday, December 16, 2008
Affordable divorce
Now more than ever before there is a great concern among my clients to keep the fees and costs low in their divorce and custody proceedings. In these troubled economic times, I have heard many people ask, "Can I afford a divorce?" When the State of Florida and the Pinellas County budgets shrank, one way they tried to deal with their problem was by raising the filing fees. It now costs $418.00 to file for divorce and a similar amount to file a Counter-Petition. Used to be there was no fee for the Counter-Petition and the filing fee was a good $50.00 cheaper. To make matters worse, in this economic slump, it’s not just the government’s pocketbook that has shrank but all of ours too. Fortunately the way I practice law lends itself to efficiency. I have always been attuned to the best way to get to the end goal with the least amount of time, stress and money. With all strategic decisions in a case I give my client the potential costs so that can be weighed in the decision making process like all the other factors. Often I work out payment plans for divorce to help those clients that want to get started but are having a hard time with the initial retainer. As a good friend of mine recently said, maybe the silver lining of this economic downturn is the opportunity it gives us all to really help each other. Going through a divorce is often gut wrenching and emotionally draining so I do my best to narrowly define the legal issues and steer my clients on the most direct route to finalization.
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