Arkansas Custodian Agreement

State:
Multi-State
Control #:
US-EG-9188
Format:
Word; 
Rich Text
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Description

Custodian Agreement between First American Insurance Portfolios, Inc. and U.S. Bank National Association dated December 8, 1999. 17 pages
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FAQ

If you are married and there is no custody order, both parents have equal custody rights until a court order awards custody to one of the parents. If the parents have never been married and there is no custody order, the mother of the child has legal custody by law.

Shared Custody Arrangements in Arkansas Joint custody is a true 50/50 custody agreement where the child spends half of his or her time with each parent. There are a number of important considerations that go into a joint custody agreement.

Arkansas has recently updated its method of calculating child support obligations through Administrative Order No. 10. The previous method only considered the income of the non-custodial parent, but the new ?income-sharing? model takes into account the income of both parents.

Arkansas law draws a line between the issues of visitation and child support. Things you should know: Custodial parties ?You may not deny court-ordered visitations because the noncustodial parent is not paying court-ordered child support.

What is Act 604? Act 604 ? also known as the new joint custody law ? was enacted in the State of Arkansas in July of 2021. Under the new law, joint custody is the default arrangement for all new child custody orders.

If the parties share true joint custody and have similar income levels, the court may not require child support to be paid by either party. However, if there is a large income disparity between the parties, then the court will typically perform an offset of child support.

What is Act 604? Act 604 ? also known as the new joint custody law ? was enacted in the State of Arkansas in July of 2021. Under the new law, joint custody is the default arrangement for all new child custody orders.

FindLaw Newsletters Stay up-to-date with how the law affects your life Code SectionCalculation of Support -- Income Which Exceeds Chart% of the Parent's IncomeOne dependent: 15% Two dependents: 21% Three dependents: 25% Four dependents: 28% Five dependents: 30% Six dependents: 32%

In Arkansas, the amount of child support is figured based on income only. Parenting time doesn't normally figure into the formula. The court may deviate from its strict child support guidelines on a case-by-case basis when the nonresidential parent's visitation time greatly exceeds what is considered customary.

Arkansas custody laws divide custody into two types: legal custody and physical custody. Legal custody refers to the right to make significant decisions in the child's life. Legal custody involves decisions affecting the child's education, healthcare, and religion. Physical custody refers to the daily care of a child.

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Arkansas Custodian Agreement