Searching for Child Support And The High Income Parent information? Find all needed info by using official links provided below.
https://www.floridabar.org/the-florida-bar-journal/child-support-and-the-high-income-parent-uses-and-misuses-of-the-good-fortune-trust/
Courts are loath to award support that is deemed “excessive,” yet the courts are bound by the strictures of the child support guidelines that set a presumptively correct amount of support. 1 Further complicating the matter is economic research that suggests that child support guidelines themselves are flawed in setting support for the high income parent. One study has suggested that the underlying economic data failed to reflect true child-related expenditures in upper income …
https://theshermanlawoffice.com/2019/08/child-support-exception-for-high-income-earners/
One exception covers situations where the parent paying child support has an extraordinarily high income. The paying parent’s divorce attorney may successfully argue that the amount of child support calculated under the statewide uniform guideline would exceed the actual needs of the children. Subsequently, the court may decide to lower the child support payment.
http://www.childsupportguidelines.com/articles/art200109.html
In that case, the father had a gross income of $39,000 per month. The testimony showed, however, that the child’s needs were only $588 per month. The court refused to award support in excess of the child’s reasonable needs, holding that an award in the case of a high-income parent …
https://www.stout.com/en/insights/article/case-you-were-wondering-child-support-high-income-cases
The parties were the parents of two minor children when they divorced in 1998. Father’s income was in excess of $500,000 in the year preceding the divorce filing. Statutory child support for two children would have been 25% of Father’s income, an amount in excess of $130,000. The trial court set child support at $30,000 annually. Mother appealed.
https://farzadlaw.com/child-support/extraordinarily-high-income-earner
Learn the rules for extraordinarily high income earners and deviation from child support Family Code 4057 is the code section that states the rule for extraordinarily high-income and child support for such high-income earners. The section addresses the high-income earner's ability to deviate from ...5/5(71)
https://www.grecoatlaw.com/high-income-child-support/
Jan 11, 2016 · The new law can have varying effects on a child support order established under the old law, depending on what the combined income of the parents is and, if combined income is over $150,000.00 (the old cap), whether the court utilized “limited” or “extrapolated” guideline in the original child support order.
https://mavrideslaw.com/child-support-in-high-income-families/
In Massachusetts, the Child Support Guidelines are calculated up to a maximum combined annual income of $250,000.00.1 In cases where the combined available gross income of the parties exceeds $250,000.00 per year, the guidelines should be applied on the first $250,000.00 in the same proportion as the recipient's and payor's actual income (as ...
https://www.foxrothschild.com/publications/no-maximum-when-determining-child-support-in-high-income-cases/
In high-income situations where the Guidelines do not define an upper level of support, the custodial parent should carefully assess the child’s needs and any accompanying costs. Specifically, the parent should supplement the Case Information Statement (the key disclosure document required by the State of New Jersey) with a detailed budget that outlines these costs.Author: Eric S. Solotoff
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