Factors and Fluctuations of Child Support Rates

When parent’s divorce, there are many factors to consider regarding the logistics of their child/children’s lives. After getting divorced, parents must make decisions for the child that support their educational, emotional, physical, and medical needs. To do this, child support rates are a predetermined, legally binding amount set to financially provide for different aspects of a child’s life. Typically, there is a “giving” parent and a “receiving” parent. The amount is set upon the parent’s agreement, however if surrounding circumstances change, it may need to be modified.

Rates are determined by a set of factors, including: income, deductions, childcare expenses, and health care expenses. However, these determining factors can fluctuate. When this occurs, it is the parents’ responsibility to agree on a new amount for the non-custodial parent to owe. This process of changing previous contracts can get quite nasty and drawn out if the right legal action is not taken.

Income, loss of income, and health care are three finances that can fluctuate in price. According to the website of Alexander and Associates, an increase in child support rates can result from a higher cost of healthcare or the paying parent’s increased income. Inversely, they can decrease in the events of a receiving spouses remarriage, or paying spouses decreased income.

After determining a rate, parents must seek court approval of the agreement. During this stage, a judge must find that it is in accordance with state regulations. In some cases, if the paying party fails to meet their responsibilities, they can be held legally accountable.

The website of Arenson Law Group, PC family lawyers cites the logistical and emotional struggles of going through a divorce. The divorce process can be extremely stressful and energy draining. Furthermore, when dealing with complicated matters such as child support, navigating the legal web of information and regulations can be difficult. Contacting a family attorney can ensure your interests are reflected in your child support agreement.


Leave a Reply

Your email address will not be published. Required fields are marked *