My abusive ex-husband promised $20,000 for our kids’ education. Now he refuses to pay. Is he legally obligated?
“Before our divorce, my former mother-in-law entrusted him with $20,000 for each of our daughters to invest on their behalf.”
The situation described involves a complex mix of family dynamics and financial obligations. The ex-husband's refusal to pay the $20,000 promised for the children's education, despite having received the funds from his mother, raises questions about his legal obligations.
In general, when a parent or third party makes a financial commitment for a child's education as part of a divorce agreement, it can be enforceable in court. The key factor is whether this commitment was formalized in the divorce settlement or another legally binding document. If so, the ex-husband could be legally obligated to fulfill this commitment, regardless of his current willingness.
To watch next: The outcome of any potential legal action taken by the mother to enforce the ex-husband's obligation. It will be important to see if there was a formal agreement in place regarding the $20,000 and how courts interpret the ex-husband's responsibilities in this matter. Additionally, the involvement of the former mother-in-law, who entrusted the funds to the ex-husband, may also play a role in determining the resolution of this situation.
Originally reported by marketwatch.com. Trade-News adds analysis for finance & markets readers.