By Angela Neave
Conventional wisdom tells us that parents should begin saving money for college soon after the birth of a child. There are many options when it comes to saving for the expense of college, including prepaid college programs, 529 plans, other qualified tuition plans, or other investment or savings vehicles such as custodial accounts and trusts.
But what happens, when after years of mutually contributing money to a college plan or account, the parents divorce? How do you keep one parent from raiding the account? How do you get both parents to agree on a distribution from an account? What sort of agreement should be hammered out between the parties to ensure the higher education of the child or children remains a priority?






