Difference between revisions of "Agreements after Separation"

Child support is a monthly sum, paid by the parent who has the child for the least amount of time to the parent who has the child for the most amount of time, to help cover the day-to-day living expenses of the child. The amount of child support that is paid is almost always dealt with by referring to the [[Child Support Guidelines]], which set out the amount of a parent's child support obligation in table format according to the number of children support is being paid for and the payor's income.

The Guidelines are an extremely convenient way to calculate a party's child support obligations up to the point where the spouse paying support, the ''payor'', has access to the child for 39% or less of the time. Once the payor has 40% or more of the child's time, the Guidelines tables become less important, and child support is assessed based on, among other things, each party's income and the amount of expenses related to the child that each party is paying. In the context of separation agreements, this allows for a little more flexibility in determining child support, but makes the annual exchange of financial information even more important.