The financial expenses of a divorce are considerable. These expenses can span beyond just the cost of filing the paperwork and retaining a lawyer.
Child support orders are often difficult for parents to deal with. The parent who is paying the support might have trouble making the payments. The parent who is receiving the child support might always stress out about whether child support is going to show up on time or not.
Now that you and your ex are a thing of the past, you might be ready to be done with having to deal with your ex. This is completely understandable, but if you have children together, it isn't likely possible. If you don't have children together but you will have to pay alimony, you might be able to cut ties to your ex faster if you pay alimony in a lump sum payment.
When you file for a divorce from your ex, you are probably ready to be completely done with that person. Having to pay alimony or child support can mean that you still have to deal with your ex. Even though that isn't an ideal situation, you still need to brace yourself for that possibility.
Paying child support isn't on many people's list of favorite things to do. For the parents who pay child support, there are sometimes situations that come up that would require them to seek a modification to the child support order. If you find yourself in this position, take these tips into account:
One of the most common question divorcing parents have is how will the child support amount be determined? In almost every situation, the main factor is the income of the two parents. Both parents income will be verified using financial documents, such as W-2s, tax returns and bank statement if necessary, and then the overall amount of support is determined.
In general, any custodial parent in Colorado must go through the child support application and enforcement process if he or she wishes to apply for government assistance or benefits. This means that a single mother trying to get food stamps or child care assistance is forced to name the father and facilitate the state's attempt at putting in a court order for child support and enforcing that order.
Paying child support for your child's needs is one of the responsibilities that the court gives to some parents. It is crucial that you ensure these payments are made on time because your child can suffer if you don't make the payments on time. Additionally, there is a chance that you will face legal action if you don't pay child support as ordered by the court. There are several different ways that you can ensure you are able to pay the payments properly.
Circumstances change as children get older, and it's very likely that most divorced couples will see at least one child support modification over the course of the support order. Understanding what qualifies as grounds for a child support modification and how best to present your case is an important part of being prepared.
Financial issues impact everyone regardless of marital status, but the divorce process often takes a significant toll. It's not uncommon for people to file for bankruptcy in the years following a divorce, but there is a lot of misunderstanding about how bankruptcy does or does not affect child support obligations.