What You Should Know About Child Support and It's Impact On Your Family
When a couple gets married, they commit to building a family together. And with most modern marriages, this often involves getting hitched sooner rather than later. Having a child is one of the best ways to ensure your partner will be there for you and your kids in the future. If you’re thinking about starting a family, you need to know that it won’t be easy. Not only will raising kids cost time and money, they also require much more than most parents are prepared to give. Luckily, there are some things you can do as part of your marriage plan to make sure it happens sooner rather than later. You see, one of the best ways to get your spouse to stick around is through child support payments. What happens though when one spouse doesn’t want to pay? Let’s explore how child support works, its importance, and some things you should know before committing to it as part of your marriage plan. Read This Article
What is Child Support?
Most people think of child support as money a parent has to give a child. But in most cases, the money isn’t actually from the custodial parent at all. Instead, the custodial parent (usually the mother) pays the non-custodial parent (usually the father) a percentage of their earnings that goes towards child support. Child support is determined at the county level, but some states use different formulas. While many family law states consider the amount of money it takes to raise a child to be $20,000, others use a different figure. What’s important is that both parents agree to make payments.
How Is Child Support Determined?
A court will determine how much money it will take to make a child self-sufficient. In other words, how much money it takes to make the child independent. To determine this amount, the court will look at several things: The income of both parents. This includes any income the parents make from employment, investments, or assets. The expenses of both parents. The needs of the child. This includes things like food, housing, medical expenses, extracurricular activities, and more. The ability of both parents to pay.
When Is Child Support Due?
Child support is due according to a schedule set by the state. The amount paid each month by the non-custodial parent can vary from as little as $5 per month to as much as $5,000 per month. The amount will depend on a number of factors such as each parent’s income, the size of the child’s needs, and how much time both parents spend with the child.
Who Can Collect Child Support?
In most states, the custodial parent can collect child support. If there is a dispute, though, the non-custodial parent can ask the court to award the money to the custodial parent.
Who Owes Child Support?
When determining who pays child support, the court usually looks at who has custody of the child. While the custodial parent usually has to pay, the non-custodial parent is usually responsible for certain expenses like food, clothing, and housing.
Understanding How Child Support Works In Practice
Many couples get married thinking they can get by without child support. After all, you don’t pay for something you don’t have, right? Wrong. For most couples, one partner earns significantly more than the other. As a result, they don’t have to pay any child support at all. Let’s say a couple gets married and the husband earns $30,000 a year and the wife earns $15,000 a year. This means the husband isn’t required to pay any child support. If the couple has children, however, the situation changes. Now both parents have to spend time and money on kids. So if the husband wants to invest his time on something else, he has to make up the difference with extra money from elsewhere. Visit This Website
Calculating New Payments and Re-Calculating Old Payments
When child support is set by the court, it comes with a set amount for a certain number of years. In other words, there will be a monthly amount for one year, one month, and one day. If one partner doesn’t want to pay this amount, they can usually negotiate with the court to lower the amount owed or, if all else fails, they can simply not pay at all. This can be a bit tricky to do. You see, if you don’t pay, you could end up in a lot of trouble. Child support is a court order, and if there is no payment, then the state will usually garnish your wages. This means the state takes a portion of your paycheck that is applied to the monthly child support payment. If you don’t have enough money, you could also end up in jail. In some states, judges have the power to issue bench warrants for anyone who doesn’t pay child support. This could mean you get a warrant for your arrest. Read This Page
Discretionary Disbursements and Set Percentage Orders
Let’s say you need to spend $500 on groceries for the month, but you only have $400 in the bank. What do you do? You can either go without food, or you can ask your partner to pay for some of the groceries. This is what is called a discretionary disbursement. In most states, the custodial parent has the authority to make a discretionary disbursement. This means the custodial parent could ask the non-custodial parent to make up the difference. Let’s say you want to pay for your daughter’s soccer season. However, you only have $50 in your bank account. What do you do? You can ask your partner to pay $50 or you can simply not pay for the season.
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