There’s no question that divorce often results in financial chaos, and as couples seek to untangle their financial lives from one another, a 529 plan often gets neglected. Though the funds inside a 529 plan can be significant, they may be overlooked because people assume the money belongs to the child, says Leslie Thompson, a
When looking at this issue it is easy to be mislead into thinking that there are easy solutions to this problem. Current research gives some very pat answers to a question that is extremely complex. The key to understanding the insurance dilemma facing divorced spouses is to look at long term solutions and to understand the need for an advisor to negotiate the process.