This is a financial statement that may be needed in a variety of litigation matters. This form may vary based on County. You should consult the clerk about whether this form will be required in your case and obtain the County specific form if required. USLF amends and updates forms as is required by Arkansas statutes and law.
Affidavit Of Financial Means Arkansas For Child
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How to fill out Arkansas NEW Affidavit Of Financial Means (effective October 10, 2016)?
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FAQ
The new order shifts away from basing all child support obligations solely on the non-custodial parent's income and instead is based on an ?income-sharing? model. In this model, the income from both parents of the child or children are taken into account.
Parents cannot come to an agreement that there will be no child support. Even when everyone agrees that no child support should be paid, Arkansas courts must still go through all the calculations and decide based on the law to set the child support orders.
Out with the Old and In with the New. The new order shifts away from basing all child support obligations solely on the non-custodial parent's income and instead is based on an ?income-sharing? model. In this model, the income from both parents of the child or children are taken into account.
Early termination of a child support order can occur when the child is emancipated by a court order, marries, or dies; upon the marriage of the parents to each other; or upon the entry of a decree of adoption that has become final and relieves the obligor of all parental rights and responsibilities.
In Arkansas, child support is calculated using a statewide formula that takes into account each parent's income and the amount of time each parent spends with the child (known as the ?parenting time percentage?). The formula also takes into account any special needs or expenses the child may have.