There is no question that where family law matters are concerned, those pertaining to children are some of the most stressful. Determining the amount of child support a parent will pay the other is not an exception. While most parents want to be there for their children in any way they can, financial matters are difficult for many to work through. If you are waiting to find out how much you will have to pay, you want to make sure that you are not overpaying. Conversely, if you are a custodial parent, you want to make sure that you are getting a fair share of the other parent’s income to help cover expenses tied to the children.
The amount of child support that will be ordered is not arbitrary. In the state of Massachusetts there are guidelines that must be followed. Among other things, the guidelines take into account the:
- Number of children involved.
- Income of each parent.
- Custody and parenting plan already in place.
In some situations other factors will be considered as well such as college expenses, the cost of extracurricular activities and health care costs that due to medical conditions the child has can be high.
Determining what all should be included in an assessment of assets can be a long and difficult process. This is particularly true when one of the spouses is attempting to hide certain assets to keep them from being included in the calculations.
If you are on either side of the child support equation it is likely a lawyer who handles family law matters could be of assistance. To learn more about child support please see of Web site’s page regarding the matter.