In our profession, we often meet people after they’ve made a life-changing decision. Often, the individual does not realize the legal implications of their actions. In this blog, I will discuss the ‘what ifs’ and provide an outline of the ‘rules’ that go along with major life decisions.
Continue Reading What Are Some Common Misconceptions about Money, Marriage and Common Law Divorces?
1) If my child(ren) live 50/50 with each parent, there is no obligation to pay supportThis may be true but is likely not. If child(ren) spend more than 40% of their time at each parent’s home, this is referred to as shared parenting. In these circumstances child support can be different than the child support guidelines. The first step in determining child support obligations in a shared parenting arrangement is to determine each parent’s income for support purposes and determine their child support obligation in accordance with the Child Support Guidelines.
The second step is to determine the ‘set-off’ amount of child support. This is determined by deducting the lower support payment from the higher payment. For example:
Continue Reading 5 Myths You Were Told By Family and Friends About Child Support