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Parents: Child Support Payments |
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| Date Added: October 16, 2010 06:40:38 PM | |
| Author: elkla89 | |
| Category: Business: Financial Services | |
Both parents have a legal responsibility to support their children in accordance with their ability to do so. Usually, jurisdictions have establish child maintenance standards, which provide a formula for calculating child support based on a proportion of each parent's gross income. During a marriage or committed relationship, such issues are rarely a concern for the court. But when parents end their marriage or no longer live together with their children as a family, the court usually obliges a non-custodial parent to pay child support to a custodial parent. Like the issue of custody, this can be settled out of court or by fighting it out in court. Child support payments, like alimony, may be included into the divorce judgment or may be determined in a marital separation agreement. Parents' other lawful obligations will also be looked into in determining child maintenance. For example, if a parent is paying child maintenance from a previous relationship, the court will take that obligation into consideration. Living expenses, such as rent and food will also be taken into account by the judge. Yet, child support payments will not be decreased to make it easier for the parent to make discretionary payments. For instance, a parent cannot donate money or purchase an expensive vehicle at the expense of providing for his or her own children. To assist the court in determining the proper sum of child maintenance, both parents will be required by the court to complete a financial declaration. Each parent will be required to completely disclose their income, property holdings, such as checking accounts, investments and real estate and their financial obligations. These documents will be heavily relied upon by the court in making the order and, hence, it is in the best interests of the children that the required documents be filled out fully and honestly. Those who refuse to pay child support will be punished. If the custodial parent sues the nonpaying parent, he or she may be taken to court. |
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