This General Durable Power of Attorney is a general, durable power of attorney which is effective IMMEDIATELY. You can use this form to appoint an attorney-in-fact (agent) to make decisions regarding property, financial, management, banking, business and other matters for you. The powers granted to an Agent in this Power of Attorney are very broad, but do NOT provide for health care services. This form complies with all applicable state statutory laws.
Ky General Attorney For Child Support
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How to fill out Kentucky General Durable Power Of Attorney For Property And Finances Or Financial Effective Immediately?
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In Kentucky, the child support calculations are based on the income of both parties and take into consideration if the receiving part has sole or joint physical custody. A percentage of the parents' joint income is used in the child support formula.
The minimum amount of child support is $60 per month. The court can use its judicial discretion to determine child support obligations if the parents' gross income exceed the uppermost levels of the guideline table.
Kentucky Child Support Laws For example, if you have two children and your combined gross monthly income is $7,500, the statutes (presently) dictate that the amount to be $1,324 per month.
New Income Maximums The new changes to child support law increase the maximum combined monthly adjusted parental gross income utilized for calculating child support. Previously the chart stopped at $15,000 monthly, which is $180,000 per year. The new chart goes up to $30,000 monthly, or $360,000 per year.
Effective March 31, 2023, KRS 403.2121 established an adjustment to the child support obligation based on parenting time that is court-ordered or approved and consistently exercised [KRS 403.2121(2)(b) and (3)(a)].