What is Child Support and How is it Calculated?
Children require financial support from their parents, and as is the case with other parenting issues such as custody and parenting time, the guiding principle is the best interests of the child.
· a basic monthly amount also referred to as “table support” or the “table amount”, which is based on the gross annual income of the payor parent and the number of children entitled to support; and
One of the primary objectives of the Child Support Guidelines is to establish a fair standard of support for children so as to ensure that they continue to benefit from the financial means of both parents after separation. Normally, the parent who does not have care of the child a majority of the time will be required to pay child support to the other parent. In circumstances where separated spouses share approximately equal parenting time of their child(ren), the amount of child support payable may be dictated by other factors such as the applicable table amount for each of the parents as set out in the Child Support Guidelines, the increased costs of a shared parenting schedule, and the condition, means, needs and other circumstances of each parent and of the child.
Because child support is inextricably linked to a child’s residency schedule, it is important to obtain advice at the outset from a lawyer who is experienced in all child-related issues.
More on Section 7 Expenses
Whether or not a particular expense is considered special or extraordinary is fact-specific. Necessity and reasonableness are also key. Various factors must be considered such as the amount of the expense in relation to the parties’ incomes, the amount of table support being paid, the cost of the program or activity, and any special needs and talents of the child. This list is not exhaustive, and another reason why it is important to consult with a family law lawyer if you believe there are section 7 expenses.
Financial Disclosure of Income is Essential
The legal team at Holam Law PC is adept at identifying and assessing a variety of sources of income and financial disclosure to advocate on your behalf and to accurately provide you with the legal advice and knowledge you need to resolve issues of child support. If necessary, we have the network to recommend and engage an expert on complex issues of income and income valuation to Table child support.
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