Property Settlement Agreement

In a precedential decision issued on March 16, a panel of the Superior Court offered a helpful analysis of how plans established under the Pennsylvania Uniform Transfer to Minors Act, (PaUTMA, formerly PaUGMA) differs from accounts established under Section 529 of the Internal Revenue Code.  This is an area of importance because we are seeing

Beth Anne and Mark Weber were married and produced two children, one in 1984 and another in 1994.  In their 1999 divorce, they formed a Property Settlement Agreement containing provisions that they would share equally the costs of “an appropriate undergraduate college or other post-secondary education for the children.”

In 2007, Beth Anne filed to