From the Attorney’s Desk by Jason Krautkramer, J.D. Eckert & Krautkramer, LLC 630 N 4th St., Wausau, WI 54403 eklawwi.com 715-842-0907 jason@eckertlawllc.com 187599 Dorms, Leases, and Liability Sending a child off to college often means helping with housing. But signing a dorm agreement, lease, or parental guaranty can create financial obligations parents may not fully understand. A parent who cosigns may become responsible for unpaid rent, property damage, fees, or early termination costs—even though the parent has little control over the property, roommates, or their child’s decisions. A joint lease can create even greater exposure. Before signing, understand exactly what you are agreeing to and whether your financial support is limited or open-ended. The right planning can help protect your finances, retirement savings, and estate plan while supporting your child’s independence. Contact our office today to discuss your child’s college housing arrangements and how to protect your family’s financial and estate planning goals. From the Attorney’s Desk by Jason Krautkramer, J.D. Eckert & Krautkramer, LLC 630 N 4th St., Wausau, WI 54403 eklawwi.com 715-842-0907 jason@eckertlawllc.com 187599 Dorms, Leases, and Liability Sending a child off to college often means helping with housing. But signing a dorm agreement, lease, or parental guaranty can create financial obligations parents may not fully understand. A parent who cosigns may become responsible for unpaid rent, property damage, fees, or early termination costs—even though the parent has little control over the property, roommates, or their child’s decisions. A joint lease can create even greater exposure. Before signing, understand exactly what you are agreeing to and whether your financial support is limited or open-ended. The right planning can help protect your finances, retirement savings, and estate plan while supporting your child’s independence. Contact our office today to discuss your child’s college housing arrangements and how to protect your family’s financial and estate planning goals.
