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Difference between revisions of "Agreements after Separation"
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#provide for the recalculation of the parties' shares of the cost of the child's special expenses if either party's income rises or falls. | #provide for the recalculation of the parties' shares of the cost of the child's special expenses if either party's income rises or falls. | ||
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 parenting time with 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. | 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 parenting time with 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. | ||
===Spousal support=== | ===Spousal support=== | ||