Once custody is decided, you will be able to focus on protecting your child’s financial future. In many circumstances, child support is an easy calculation based on the non-custodial parent’s net income. However, complexities in a payor’s income can create a dispute where an experienced lawyer will be integral to your case. A payor’s net income is not always apparent when the parent is a business owner, receives options/restricted stock units or is paid under long term incentive plans or deferred compensation. Further, net income is difficult to decipher where a parent is unemployed, but living from assets, retirement or gifts/loans from family members.
To ensure your child is receiving the financial amounts he or she is entitled to under the law, you need the knowledge that the attorneys at the Carder Law Firm have gained over the past twenty years in ligating support cases. Individuals should note that a new child support statute will be effective as of July 1, 2017 which takes into consideration both parent's income, as well as the amount of parenting time with the child.