Child Support Alimony Calculator With Shared Custody In Franklin

State:
Multi-State
County:
Franklin
Control #:
US-00004BG-I
Format:
Word; 
PDF; 
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Description

The Child Support Alimony Calculator with Shared Custody in Franklin is a vital tool for individuals navigating child support and alimony calculations in shared custody arrangements. It offers users an accurate and systematic approach to determining financial obligations that align with state guidelines. Key features of the form include predefined formulas that take into account shared custody dynamics, income discrepancies between partners, and other relevant expenses. Filling out the form requires users to input specific financial details, including income from all sources and the agreed distribution of parenting time. Legal professionals, such as attorneys and paralegals, will find this tool invaluable for simplifying case preparations and ensuring compliance with local laws. It enables partners and associates in legal settings to provide accurate advice to clients while enhancing their efficiency in managing documentation. The calculator also assists users with minimal legal experience by providing a straightforward method for calculating support payments, thus empowering them in negotiations and court proceedings.
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  • Preview Affidavit of Defendant Spouse in Support of Motion to Amend or Strike Alimony Provisions of Divorce Decree Because Of Obligor Spouse's Changed Financial Condition
  • Preview Affidavit of Defendant Spouse in Support of Motion to Amend or Strike Alimony Provisions of Divorce Decree Because Of Obligor Spouse's Changed Financial Condition

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FAQ

The court normally starts by looking at the supporting spouse's actual earning history. Every amount of income whether it is taxed or not is considered. After the court looks at taxed income, they can then look at the assets that are likely to be awarded to the supporting spouse, which also includes separate property.

Regardless of marital status, parents have a legal duty to support and provide for their children. This means you can pursue a child support order if you and the other legal parent are living apart and they are not appropriately contributing to your child's financial needs.

If your divorce established joint physical custody, then child support will be based on his gross monthly income and yours. Whoever makes more pays the difference to the other. So long as he makes more than you do, he will be paying you child support.

The Guidelines set a minimum child support amount of $91.00 per child per month.

Changes found in the new Guidelines include a more expansive definition and details of what counts as “gross income” and greater guidance on what to consider when calculating imputed income for a parent, meaning income the parent could be expected to earn with reasonable effort.

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Child Support Alimony Calculator With Shared Custody In Franklin