Peaceful Divorce

How Do We Figure Child Support? May 10, 2012 By Divorce Financial Solutions, Len Nassi CFP®, CDFA™ The Florida Department of Revenue provides child support services that include establishing legal pa…

How Do We Figure Child Support?

The Florida Department of Revenue provides child support services that include establishing legal paternity, locate missing parents and establishing, enforcing and modifying support orders. A child support order tells the parents what they must do to support their children. The State of Florida has stated Child Support Guidelines that are defined in Florida law. The guidelines are used the first time child support is ordered and every time the child support changes. They are also used to review the order to see if the support amount should be changed. 

There are several factors that are used to determine the amount of child support to be paid. First, the amount of children considered as part of the marriage, the income of both parties, the amount of overnights each parent with have with the child (children) and who will be paying and the amount of child care, health and dental insurance for the child (children). If health insurance is reasonably available, the court might require you to have major medical and dental insurance. The court or agency establishing support must use these guidelines to decide the amount of child support that will go in a Florida support order. In special circumstances, support amounts can be higher or lower than the guideline amounts. For example, a judge may consider a child’s high medical expenses as a reason to change the support amount. In most cases, judges have to give written reasons why support amounts are different from guideline amounts.

If a parent is voluntarily unemployed or underemployed, income will be imputed to the parent based upon his or her recent work history, occupational qualifications and the prevaling earnings level in the community. Life insurance should be purchased on the life of the parent paying child support to ensure support will continue if that parent dies prematurely.

Divorce Financial Solutions can calculate the amount of child support very quickly and can give you an approximate amount just by calling their office, at no charge, 954-894-6006.

Views: 103

Comment

You need to be a member of Peaceful Divorce to add comments!

Join Peaceful Divorce

Comment by Cynthia Tiano, Esq. on June 27, 2012 at 3:32pm

Thanks for this great, informative article Len, we appreciate it!

Become an affiliate of the Happily Divorced! book and audio program! Let Reformed "Killer" Divorce Attorney, Cynthia Tiano, and Dr. Max Vogt, Marriage and Family Psychologist, take you on an adventure into the lives of two families going through the divorce legal system - one doing "legal battle" and the other creating a "peaceful divorce". Learn how to create a Win-Win from their experiences... HappilyDivorced.org


Events

Latest Activity

Robert D. Bordett, CFP, CDFA posted a blog post

Tax Tips for the Recently Divorced

We are only 4 weeks away from the end of the year. What does that mean for people who have gotten divorced in 2018?It means you have to get ready to file your tax returns for the year ending 2018 by April 15, 2019, or else extend it. Remember, just because you extend it, you still have to pay any tax that you owe by April 15, 2019.If you got divorced in 2017, here are some items you need to think about for tax…See More
Wednesday
Robert D. Bordett, CFP, CDFA posted a blog post

An Elegant Solution: The Child Support Account

Today I’m pleased to bring you a special guest blog written by my colleague Steve Erickson. In his 35 years of experience, Steve has come up with a novel approach to child support that shifts couples away from being adversarial and toward collaboration. This method is called the Child Support Account, and it was originally proposed…See More
Nov 15
Robert D. Bordett, CFP, CDFA posted a blog post

Withholding: A Down Payment, not a Tax

In my experience, many people do not know the difference between the withholding amount (the taxes deducted on your pay stub) and their tax liability. All they know is that they don’t have the money. They think they’re square with the government, and are surprised if they owe any amount on top of what was withheld. That’s why I thought it would be useful to review the…See More
Oct 25
Robert D. Bordett, CFP, CDFA posted a blog post

Divorce & Support Payments – When Can You Use it to Qualify for a Mortgage?

One of the things I have learned over the years is that we cannot be a Jack-of-all-trades and a master-of-none. In today’s ever-changing world, we need to have connections with professionals in other disciplines and specialities. This is especially true with divorce professionals. I think it is important that practitioners have a network of specialists on which to draw. Today I am going to do just…See More
Oct 4
Robert D. Bordett, CFP, CDFA posted a blog post

Projecting Your 2018 Taxes

Have you thought about doing a tax projection for 2018?Obviously, this isn’t everyone’s cup of tea. However, no one wants to be surprised around tax time. Here’s why you should get a head start on knowing the new tax law and how it will affect you and/or your business in the coming tax year.We are seven months into the New Year. You may not be aware that we have a new tax law that went into effect on December 22, 2017, or that most of the provisions took effect on January 1, 2018.Here are some…See More
Aug 23
Robert D. Bordett, CFP, CDFA posted a blog post

Mediators: The Swiss Army Knife of Divorce

Today I’m featuring an article by a colleague of mine named Martin Kranitz. Martin, a mediator in Maryland, has obtained certification from the Maryland Council for Dispute Resolution, one of the first organizations to provide mediator certification based on demonstrated performance rather than just education and mediation courses taken.  In this piece, Martin discusses one of the many functions a mediator can play,…See More
Jul 12
Robert D. Bordett, CFP, CDFA posted a blog post

The Top 3 Reasons to Choose Mediation

As attitudes change about marriage and divorce, mediation has become an attractive alternative to traditional litigation. Still, some people are wary of it. The good news is that the facts support mediation, and in this post I provide a “cheat sheet” to help you persuade a reticent spouse into the process.Control: You and your spouse get to control the speed of the process. You both get to make…See More
Jun 5
Robert D. Bordett, CFP, CDFA posted a blog post

Things We Don’t Think About When Getting Divorced

Financial issues are a big part of the difficulty of divorce, in part because people don’t realize there are certain contracts that take precedence over divorce decrees. In fact, that’s the number one misconception that people seem to have. Being able to identify financial issues can help take away some of the pitfalls and stresses that can arise…See More
May 31
Robert D. Bordett, CFP, CDFA posted a blog post

Now What Do We Do?

So you’ve chosen a mediator to work with you and your spouse on your divorce. Where do you go from here?You can start with what to bring to the first session of the mediation. Most mediators will have a list of all of the documents you’ll need. There is usually also an intake form that asks about each of you, the children, and other information about the marriage.  In mediation, each party usually has a set agenda,…See More
Apr 12
Robert D. Bordett, CFP, CDFA posted a blog post

How to Select the Right Mediator

The main component of mediation is the mediator. That is why it’s important to make sure you select the right mediator to help you in your unique situation. Many times mediators are chosen by the attorneys, especially in court-ordered mediation — but in private mediation the parties may just look to choose the mediator.Below is a short list with some items you will want to know before you…See More
Mar 22
Robert D. Bordett, CFP, CDFA posted a blog post

Key Provisions of the New Tax Law

As we know the President signed the 2018 tax reform law into effect on December 22, 2017. This is the largest tax code overhaul in more than 3 decades.Most of the provisions in the TCJA will take effect on January 1, 2018. Most of the provisions affecting individuals are temporary and sunset after 2025, while the majority of the business provisions are permanent.Most individual taxpayers will not see changes until it…See More
Jan 11
Robert D. Bordett, CFP, CDFA posted a blog post

What is Hidden in the New Tax Proposal That Could Change Divorce

Deep in the 429 pages of the House Republican tax bill is a provision with financial consequences for couples getting divorced.People looking to get divorced and people writing alimony checks would have to pay tax on those payments. Under current tax law, alimony payments are tax-deductible to the party paying and taxable to the party receiving them. Under the new proposal that would end.Here is the rationale for making these changes: The proposal would eliminate what is effectively a divorce…See More
Dec 6, 2017

Badge

Loading…

About

© 2018   Created by Cynthia Tiano, Esq..   Powered by

Badges  |  Report an Issue  |  Terms of Service