In this form, the parties are assumed to be separated and living apart. The parties agree that both persons are proper individuals to have permanent legal and physical custody, care and control of the minor children of the parties. Therefore, both parties will have joint legal custody of the minor children. The agreement also states that the husband shall have reasonable visitation rights and will pay child support to the mother on a monthly basis. The form requires the signatures of both parties in the presence of a notary public.
Oklahoma Child Support Calculator With Shared Custody
Category:
State:
Oklahoma
Control #:
OK-02487BG
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PDF;
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How to fill out Oklahoma Separation, Spousal Support, Child Custody And Support, And Property Settlement?
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FAQ
A: The standard child support percentage is 20% of the parents' combined gross income. An additional 10% is added for each additional child. If there are extenuating circumstances, the court may call for a higher or lower percentage to reflect your situation.
In Oklahoma, child support is calculated by taking each parent's gross monthly income and subtracting any allowed ?income adjustments?. These adjustments include, allowances for federal and state income taxes, health insurance, work related costs, other child support being paid or received, etc.
And now prior-born children are treated the same as subsequently-born children in determining child support. So if you have other children that are residing with you, then you are going to be eligible for a deduction from your gross income in determining child support on the children before the court at that time.
While having another child may not directly reduce your child support obligation, it can indirectly affect the amount you must pay. The courts consider various factors when determining child support, including the income of both parents, the needs of the child, and the custody arrangement.
In Oklahoma shared custody, the nonresidential parent pays child support to the residential parent. In the case of a 50/50 split, the higher earner generally pays child support to the lower earner to ensure the children's standard of living is the same in both locations.