Child support is based upon a formula that takes into consideration the incomes of both parties, the amount of overnights the payor has with the child, health care costs, child care costs, and tax exemptions. Child support is generally paid through the Friend of the Court, which will keep track…
In Rolley v. Rolley, an Indiana Court was faced with the issue of child support modification, when the parties had deviated from the child support guidelines. When Father and Mother divorced, they reached an agreement regarding child support that substantially deviated from what would be ordered by applying the Indiana…
How much does it cost the average parent to rear three children from birth to age 18? Some sources say $1 million. However, Anne Dias Griffin, who had three children with hedge fund billionaire Kenneth Griffin, thinks the number lands closer to $1 million per month. Mrs. Griffin made headlines…
The Michigan Child Support Guidelines were modified in 2008 in order to create a more graduated decrease in child support as the payor’s parenting time increased. Prior to 2008, there was essentially a cliff where if the payor reached 128 overnights, the child support dropped dramatically. This tainted many divorce…
If you are the payor or the person paying child support (remember, in today’s world, it’s not always the husband that pays. . .but that’s a discussion for another blog post) pursuant to a custody order contained in a divorce judgment or custody agreement, you should be aware of your…