In all divorce cases, both parents must fulfill their child’s physical, mental, emotional, and, most importantly, financial needs. However, the final verdict of your case depends on the court will decide the involvement of each parent in the child’s life.
Most cases involve the equal financial contribution of parents; sometimes, one of the parents might require to give more as the other parent will be taking care of the child. Child support in each divorce case depends on several aspects like what kind of custody is allowed in the case, how financially independent both parents are, etc.
If you are going through a divorce and want to calculate the child support from your side, contact a gig harbor child support attorney. A child support attorney will explain to you all your rights related to child support and an estimate of the amount fo child support needed from your side.
Nevertheless, here are some tips to determine and evaluate child support in your divorce case.
Tips for calculating child support in a divorce case
- The combined income of both parents
Depending on the income of both parents, considering a certain amount of time, the court will calculate a combined revenue for the household. Payment solely includes the amount earned per month or year by both spouses, excluding the martial and personal assets.
Once the court evaluates the income of both parents and combines it, it will determine the amount of child support each parent may owe for the child’s secure future. Some significant aspects of child support are expenses like school fees, health care treatments, and personal well-being.
- Assets and debts
While evaluating child support, do not forget to calculate the marital assets and debts involved in the divorce. The court also considers assets and debts to determine how much each parent can contribute to the child without breaking.
Depending on the total financial value in each parent’s life, it is determined how much they can provide their child. It doesn’t always need to be 50-50 for each spouse; sometimes, one parent might contribute more in child support than the other financially.
- Child support percentage of each parent
Lastly, the court will calculate each party’s percentage for child support. The ratio is determined by considering various financial and personal conditions. For example, which parent was financially independent? If both, the child support will be evaluated depending on their income.
Moreover, the custody of the child is also considered during child support, like which parent has the power to make vital decisions in a child’s life.