Divorce can mean a fresh beginning for your personal and social life. However, it can mean unpredictable financial entanglements with your former spouse, particularly if you share children or will need alimony, also known as spousal support or maintenance, after the divorce. While it may feel uncomfortable to depend on your ex after a divorce, it may also be necessary.
Posts tagged "child support"
It doesn't matter if you're new to paying child support or have been doing so for many years, you understand the impact it has on your finances.
A recently released report suggests an overhaul to the way child support is assessed in Maryland that will affect thousands of families, especially low-income ones.
One of the aspects of a child custody case that is often contentious is the child support. This financial support is paid by one parent to the other parent for the benefit of the children. It is used to pay for the expenses of the child; however, it is normally comingled with other household funds. The parent who receives the payments won't have to account for the use of the money. Instead, they simply have to ensure that the kids have life's basic necessities.
Child support orders are based on the circumstances in the situation at the time the order is created. It is possible and even likely that things might change in the future. These changes can lead to a modification of the order if they are significant enough. We know that you might want to ensure that your children's financial needs are taken care of despite any future changes. We will help you determine if the support order needs to be modified.
Child support isn't really a negotiable matter. People who are ordered to pay it must comply with the order or they can face legal woes. The thing that is difficult about child support is that you have to pay it no matter what you have going on with your life. If you are in a position where you can't make the payments, you can't just avoid the matter without facing consequences.
As a parent, you want to give your child the best possible future. Typically, that includes a healthy childhood and as much education as your child's profession would require. That could mean living in a certain school district to ensure your child has a competitive education. It could also mean saving for college before your child even starts school.
The end of a marriage when you have children together can be complicated. There are many factors to consider. While it might seem like all of these, including property division, child custody and support payments, are all tied together, they must be considered separately to a certain extent. You can't base the child custody plan on who gets which assets.
The holidays are when parents tend to focus on paying monthly bills on top of the added expenses of the season. For those who are paying child support, this can be a challenge. Even during the hustle and bustle of the season, it is imperative that support-paying parents insure they are adequately meeting their child support obligations.
Child support cases aren't always easy to handle. Both of the parents might be concerned about how much these support payments are going to be. The paying parent likely hopes that the payments don't take up too much money. Recipient parents probably hope the money can actually help with the many costs of raising the children.