The law is well established that children have the right to receive financial support from both parents. Generally, the amount of support is strictly determined by several different complicated equations. Those equations include the Percentage Standard, Shared Placement Calculation and Split Placement Calculation. When establishing child support it is important to know which method is most appropriate for you.
In addition to the correct method, there are a number of factors that can and will affect the amount of child support ordered. For example, child support orders can vary depending on the following:
- Type of income used for calculating the child support
- The number and age of children
- The Physical Placement (visitation) arrangement
- Health, Dental and Vision Insurance
- Low Income and High Income Earners
- Tax consequences to either parent
Child support determined under the base line percentage standard is set forth as follows:
1 child – 17% of monthly income
2 children – 25% of monthly income
3 children – 29% of monthly income
4 children – 31% of monthly income
5+ children – 34% of monthly income
The determination on which parent pays the child support depends on many of the above mentioned factors. However, it is typical that the parent with less physical placement will be the parent that pays child support.
The duration of a child support order varies, but in most cases durations of support lasts until the child turns 18 or 19, if the child is pursing a high school diploma from an accredited institution.
Given the complexities of child support calculations, it is very important that you explore your options with a knowledgeable attorney. Family lawyers at Kaehne, Cottle, Pasquale & Associates and experienced in the nuances of child support calculations and are prepared to work to get you results that maximize your children’s access to financial support.
