Having parents separate or divorce can typically be an emotional time for children. It’s important that they receive the right amount of financial support to help them with significant and everyday expenses. If you’re going through or have gone through a separation or divorce, you can file for child support through the court system. The judge will calculate payments by looking at the combined and individual incomes of both parents as well as shared or custodial time with the child.
How much will I end up paying or receiving?
With every child support application, there is a formula that is applied to determine total payment costs. When calculating child support payments, the court begins by evaluating the gross income of both parents, which includes:
Overtime, part-time or severance pay
Unreported cash payments
Endowments and life insurance
Compensation for services
Government distribution, including Social Security
After the incomes of both parties are looked at and a total combined amount is determined, the court then multiplies that amount by a variable based on the number of kids. When that amount is calculated, the total is divided between parents based on their individual incomes. The parent who makes more income pays more in child support.
Contact our legal team in White Plains, NY
Paying or receiving the proper amount of child support per year can make all the difference for your child. If you are looking to file your child support application, you will need a lawyer who is experienced in child support and custody. Contact Martin J. Rosen, P.C. online or call to start on your application today.
Martin J. Rosen, P.C. is located in White Plains, NY and serves clients in and around White Plains, New Rochelle, Purchase, Hartsdale, Armonk, Scarsdale, Chappaqua, Hawthorne, Briarcliff Manor, Ardsley, Elmsford, Larchmont, Valhalla, Harrison, Port Chester, Dobbs Ferry, Ardsley On Hudson, Rye, Tuckahoe, Tarrytown, Irvington, Eastchester, Hastings On Hudson, Mamaroneck and Westchester County.
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