Executive Summary Of Due Diligence Report

State:
Multi-State
Control #:
US-DD0506
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

This form is a memorandum summarizes the results of a due diligence investigation relating to the possible acquisition of a company.

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Is there a limit to the amount of money that can be taken from my paycheck for child support? 50 percent of disposable income if an obligated parent has a second family. 60 percent if there is no second family.

Under the 2021 Guidelines, your child support obligation could increase to $1,498 per week based on two primary factors: (1.) the increase of the ?cap? from $250,000 in combined income to $400,000 and (2.) the increased multiplier for a second child from 25% under the 2018 Guidelines to 40% under the 2021 Guidelines.

The new Guidelines appear to include substantial increases in child support for families with multiple children in Massachusetts, eliminate a controversial 15% ?cap? on parental cost sharing for childcare (but not medical insurance costs), and reallocates the balance between alimony and child support by increasing ...

The breakdowns are based on the following categories of gross weekly income: $0-100; $100-280; $281-750 and $751-max. At the maximum income, support is as follows based on 1, 2 or 3 children: $167+25%; $199+30% and $222+33%.

At the maximum income, support is as follows based on 1, 2 or 3 children: $167+25%; $199+30% and $222+33%. If there are more than 3 children in the custodial home, the support shall be for no less than 3 children.

Common reasons for a court to increase child support: A substantial increase in the payor's income. A substantial decrease in the recipient's income. A substantial increase in the child's needs, such as medical or educational expenses.

Generally speaking, child support continues until the age of 18.

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Executive Summary Of Due Diligence Report